NIB First Price Target Hit

NIB (Cocoa ETN) has hit the first target for a relatively quick 4.6% gain & appears likely to be headed to T2 very soon. As expected, NIB has taken out the 25.62-25.72 resistance zone with an impulsive move following today's gap & breakout above the 60-minute bull flag continuation pattern. This opens the door for a continued move to at least T2 (26.50) although the measured target for the bull flag pattern is around 27.60.

Mar 20, 2017 2:10pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |1 Comment

One Comment

  1. Dazi March 20, 2017 2:13 pm at 2:13 pm

    Great call, Randy.


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