meszaros
Long

NVCN exchange rate before further 330% rise.

NASDAQ:NVCN   NEOVASC INC

NVCN exchange rate before further 330% rise. Continuing with my previous analysis (which was the first to signal the current exchange rate outbreak) I expect further upside. It is based on a fractal rise rule on the left. It can be seen that the exchange has built two 96% declining wave structures over a one-month time frame. The two 96% declining wave structures were interrupted by an ascending 700% correction. Which means we are still in this 700% uptrend. As a result, the current rise target price could be US $ 22.77. The figure also shows that the current correction level is 5.41usd. This level is the fair value of the current stock. Therefore, I expect a more steep rise to this north from this level.

Comments

I don't understand your analytical method but it seems to work enough of the time. I was just interested to see if your analysis still applies despite not seeing the upward movement yet?
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meszaros freddie1996
@freddie1996, Thanks for the comment. My analysis published by NVCN remains valid. I also bought a share in NVCN.
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