Performance metrics and trade details for NRG breakout.
Like other strong performers such as Netflix, Palantir, and MicroStrategy, NRG formed a double bottom pattern without touching its 200-day moving average—an additional sign of strength.
NRG moved up strong and held its gains—if you stayed in, you were up ~12% by the end of May.
But in June, it failed to make a higher high, printed an open=high candle the next day, then formed a double top and closed below the 10 EMA.
This sequence of weakness suggests it's a good time to lock in profits and exit.
