Great news this morning for NOVA that should help push its momentum towards first resistance level in the next days and could definitely breakthrough if volume continues up from this news. The U.S. Food and Drug Administration has approved Nova Mentis Life Science Corp.'s proprietary psilocybin drug orphan drug application to treat patients with fragile X...
NOVA announced today that they've just earned Psilocybin Orphan Drug Designation in Europe that once approved would give them ten years of market exclusivity. Positive news are accumulating for this small biopharma over the last 3 months and at some point investors will start accumulating again as it sits on a well supported floor at .08 I keep adding slowly at...
I'm watching closely Nova Mentis this week as it seems to be sitting on a nice support floor at .09 with potential MACD reversal in coming days for a swing trade to .15 (and will be watching the volume build up for possible breakout above that first resistance). I'm in this trade already at .11 average price and currently increasing my position slowly (Note: Do...
This is a chart I made a while back, and without any changes, seems to be moving nicely. Today was specially nice for volume and price movment.
Will keep an eye on MACD this today & tomorrow to confirm the trend reversing but could take it to .19 quickly (first resistance level) and then .30 if it breaks that level with increasing volume. Nice % gain potential for a short term play.
MACD crossing confirmed and moving above it's upper trendline with a solid floor at .20 tested several times. Could move fast with some volume increase and I see it reaching the .35 levels quickly after moving past some possible resistance in the .26 range
Nova Mentis Life has been under the radar from the recent "mush-rush" discussions (they are also in the psilocybin health wellness businesses) but the chart is looking great with its bottom trendline and reversing MACD. With only 54M float this one will run fast as soon as volume will pick up so I've started to slowly accumulate and expecting to easily reach the...