NML Target and Stop Loss Review 27 Nov. 2023

NML Target and Stop Loss Review

In our earlier recommendation on November 16th, a strategic buy position for NML was advised with a stop loss set at 71 and ambitious targets at 80 and 86. The trade execution has unfolded seamlessly, reflecting the success of our tactical approach.

As we navigate the current market dynamics, a prudent adjustment to the levels is imperative. We recommend trailing the stop to 73, ensuring a protective stance while refining our target range to 80 and 82. It's noteworthy that a breakout beyond the 82 mark will instigate a call for a heightened target at 87.

This nuanced adjustment reflects our commitment to adapting to market nuances while maintaining a calculated and professional approach to trading. Stay tuned for continued strategic insights and success in your trading endeavors.

NML Target and SL Review
Previously buying in NML have recommended on 16th Nov. with Stop loss of 71 and targets at 80 and 86 and trade is being carried out successfully.
But now it's levels are being revised so trail stop towards 73 and set targets at 80 and 82 while breakout above 82 will call for 87.