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AsimMirzaTrader

NHC - Trade Plan

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NEW HOPE CORPORATION LIMITED (ASX:NHC)  
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ASX:NHC   NEW HOPE CORPORATION LIMITED
Trend Analysis Chart Patterns Wave Analysis ASX asx200 asxlong asx200long NHC
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trendanalysis chartpattern waveanalysis asx asx200 asxlong asx200long nhc
NHC seems to have been forming a base since start of April 2020 and I expect that this bullish price action on the Daily Timeframe is poised to continue higher. I think that it may have much upside room to go. I would be targeting the resistance area of $2.00 with a potential gain of almost 50%.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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NHC has closed above the bearish trendline with High Volume. suggesting it will head higher in the coming weeks. My initial target would be previous Resistance as TP1 which is $1.555 and TP2 at $2.035.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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