Simple 4 Bar Setup on the daily chart after a correction, with momentum ticking back up. Fundamentals also seem bullish for this stock with demand for battery materials staying elevated I don't see why NVX couldn't break out to new highs as FOMO runs rampant. Not financial advice just showing a good setup in my opinion.
ENTRY: 5.37 SL: 4.77 TP: 7.11 - ADX>20 - RSI<50,RSI>30 - Daily RS +ve - Daily FFI -ve - Daily MACD -ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Retraced to 61.8% fib level. - Volume dry up on 13 Oct 2021 and moved up with higher volume today.
Price retraced to 61.8 level + 50SMA + vol dry-up on 11 Oct 21 Entry: $5.27 SL: $4.65 TP: $7.10
NVX Had a perfect buy opportunity in the retracement. Do you think it's time to sell, Or should one buy the breakout? Let us know in the comments!
Text me if you have any questions/comments for me. ----- NVX - Previous analysis was done on 4 Oct - Suggested waiting for the next rebound wave - Since then, the stock has tested the mid-term support and successfully rebounded above 6.60 levels - Potential psychological resistance at $7 levels -> a test and retracement would form a double top formation...
$NVX a big ugly, abstract, but stiull conventional bullflag, jsut made it measured move. Now byebye
Text me if you have any questions/comments for me. ----- NVX - Previous analysis was done on 8 Sep - Suggested waiting for stock to retrace and successfully rebound - In last night’s FB livestream, I said that price is overextended and suggested waiting for a retracement first - Today, the stock retraced strongly to fall below the short-term...
ENTRY: 3.04 SL: 2.45 TP1: 3.60 TP2: 4.23 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Accumulation signs on 13 Jul, 2 Aug and 6 Aug 2021. - Broke down trendline on 2 Aug 2021, and retested it with rebound on volume today.
NVX has broken out of the bearish trendline with High Volume and a MACD Bullish Cross, showing conviction of the Bulls. This price action suggests it may go higher towards the next Resistance levels. My Tp1 is $2.75 with a potential gain of 16% and TP2 at 3.00 with a potential gain of 27%. My stoploss on this trade will be below this swing low at $2.00. Please...
If there is a move here, NVX will move next week, chart is looking good if it closers above $2.45 tomorrow. Definetly a short term trade here i believe going off the weekly and daily chart. This stock moves very quickly as can be seen, so if next week is a mover, could definetly get to $2.80. On watch for tomorrow and next week.
NvX has recently has two higher lows, looking to retest all time highs in coming months. MACD looking to reverse on daily. Great company with good fundamentals, DYOR. Cheers.
Looks like reversal to upside after a decent consolidation period. MACD crossing on Daily timeframe.
In my opinion we have room to continue up here to retest the upper trendline based on historically bouncing off the 20MA. Just wait for the buy signal! Let me know your thoughts! Message me if you like these charts!
General trend of market is up. nice volume comi ng in on breakout of wedge/pennant. target of 3.90. stop at 2.85- 3.15 if you want to be more aggressive. for education purpose only. Do your own research
Oversold on Daily, bounce off Fib. Looking for 1.6 extension at $6.20