NUSCALE- SMR about to rocket
So am I buying NUSCALE TOMORROW? Yes 😍. https://www.tradingview.com/chart/jis8nQXZ/?symbol=NYSE%3AOKLO
love the chart. 61.8% retracement offered weekly support with a huge bounce of it, 6.87% for the week and on the last day a huge 17.73% gain. The relative strength index at 57, above 50 so strength intact with a turn into the new week. A bullish engulfing candle adds the cheery to the cake.
the daily charts- volume of 10.46 m, highest since the sell off 9 days prior on volume of 15 million, the 20 day still above the 50 day average, 20 day and 50 day providing primary resistance (this could be a lesson for me- wait for breakout) along with RSI which is below 50. This is a risk as buy signal is not generated. We had this on one prior occasion but the 61.8% fib held strong on the support. My bet is the volume which is just averaging 1.5 million over the last 9 day average plus the news- U.S. Hydrogen Tax-Credit Revision will drive momentum tomorrow.
love the chart. 61.8% retracement offered weekly support with a huge bounce of it, 6.87% for the week and on the last day a huge 17.73% gain. The relative strength index at 57, above 50 so strength intact with a turn into the new week. A bullish engulfing candle adds the cheery to the cake.
the daily charts- volume of 10.46 m, highest since the sell off 9 days prior on volume of 15 million, the 20 day still above the 50 day average, 20 day and 50 day providing primary resistance (this could be a lesson for me- wait for breakout) along with RSI which is below 50. This is a risk as buy signal is not generated. We had this on one prior occasion but the 61.8% fib held strong on the support. My bet is the volume which is just averaging 1.5 million over the last 9 day average plus the news- U.S. Hydrogen Tax-Credit Revision will drive momentum tomorrow.
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