Northern Tier Energy LP : Supported by a trendline
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$26.4 | US$0 | US$23.5 | -100% |
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, the proximity of a trendline and the USD 25.5 support should protect the stock of a sharp drop.
In this configuration, investors could take a buy order on this level to target USD 32.7 with a stop below the medium term support.