NVX trade ideas
$NVX look at the evidence This thing was accumulating the whole time. I just couldn't get it out of my head that they burned me on the 28c raise. and bla bla bla. Rather than. this thing just wants to go up.
I don't know where it goes from here, but its got a few TSLA style fanatics onboard, so hopefully $1900.... No one knows.
NVX Bulls Hunting +100%Novonix Limited (ASX: NVX) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries.
Bulls Hunting +100%
Huge Fractal Bullish Pennant
+ Targets 1.925 & 2.800 From point of break
Fib Extension Targets
- (-0.272 & -0.618) looking achievable and lining up to Fractal Target Regions
Market Structure forming within Pennant
- Higher Low and Lower High indicating squeeze
Fib Retracement
- Huge bounce off the .5 Golden Pocket Level
MACD
- Indecisive oscillation indicating squeeze
CCI
- Still trending up and no signs of Divergence on the Daily
Bollinger Band
- We have been riding the 20 MA since April 24th
Daily Resistance
- 3 Touches on Daily Resistance, "4th Touch" incoming?
Depending on your "Risk Management" & "Entry/Exit Strat" there are 2 entries. Point of Break/ Bottom trend of the Pennant.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
