RSI shows that NBRV is oversold, therefore it can be prime for a trend reversal or a corrective pullback.
Candlestick Patterns: 1 day ago, a bullish Morning Star Doji pattern formed. If bullish candlesticks continue to form, a bullish trend reversal will be confirmed.
Overview: Although NBRV is in a downtrend, RSI and candlestick patterns suggest that it might experience a price correction soon. This trade aims to make profit of the correction, therefore, a long position is recommended. Entry price should be set slightly higher to current price, support zones have been identified for target price and stop loss should be set at about -5%.
Candlestick Patterns: 1 day ago, a bullish Morning Star Doji pattern formed. If bullish candlesticks continue to form, a bullish trend reversal will be confirmed.
Overview: Although NBRV is in a downtrend, RSI and candlestick patterns suggest that it might experience a price correction soon. This trade aims to make profit of the correction, therefore, a long position is recommended. Entry price should be set slightly higher to current price, support zones have been identified for target price and stop loss should be set at about -5%.