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New Fortress Energy (NFE) Bull Flag

New Fortress Energy (NFE) Bull Flag

by | May 23, 2022 | Chart SetUps

New Fortress Energy (NFE) with a nice multi-week bull flag forming just above the rising 55-MA. The weekly bull flag triggers above $46 with a measured move out to $58 while both RSI and MACD remain in strong trends and showing relative strength versus the broader market. Shares broke out of a downtrend in February and room to re-test the 2020 highs.