Novonix ST: the upside prevails as long as 9.20 is support.Alternative scenario: the downside breakout of 9.20 would call for 7.10.
My pivot point stands at 8.20.
My preference: the upside prevails as long as 0.20 is support.
Comment:
the RSI is above its neutrality area at 50.
The MACD is positive and above its signal line.
The configuration is positive.
Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 9.11 and 9.11).
Trade Safe -
Jimster45
