Text me if you have any questions/comments for me.
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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 average
- Technically, the short-term average hasn’t been tested since end-July and it doesn’t look like it’s a good support
- From the charts, a successful rebound look to be around 6.60 levels on the condition that the stock doesn’t retrace further
- Stocks that have retraced strongly usually will form a LH first before the uptrend can continue healthily
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave
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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 average
- Technically, the short-term average hasn’t been tested since end-July and it doesn’t look like it’s a good support
- From the charts, a successful rebound look to be around 6.60 levels on the condition that the stock doesn’t retrace further
- Stocks that have retraced strongly usually will form a LH first before the uptrend can continue healthily
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.