Price has bounced and sitting on the strong supprt. It seems to be we have acumulation. probably by Cathy Wood :) Follow...
Price is sitting on the 100MA on Daily and on 200Ma on 4H chart. And there is a possible Head & Shoulders Pattern. Follow...
Possible Head & Shoulders Pattern. Follow...
Stock is falling 5 weeks. But it's seems it almost found the bottom. What we have: 1. 200 MA bounce on daily chart. 2. Almost bounced from 50EMA on weekly chart. 3. Bounced from the long term resistance/support line. 4. Oscilators shows the bottom has found. So, we have to get the clear reversal signal to get in. And if it goes it goes pretty high!
Price seems to drawing cup & handdle pattern. Posssible enter after brakeout of $38. On the european session hanndle is clearly visiable.
- Price is bouncing between 0.5 and 0.618 fibo - Horizontal volume shows big interest of buyers in this zone - Price can go a little bit lower in case of panic on the market
Nuva is falling in the channel. The price every time bounce from the bottom of the channel. There are two good retracement from 0.5 fibo. Now we got 0.618 fibo retracement. So, it could be a good entry point for a long run. Also medical sector can be a good security, acounting the coming S&P 500 fall and growing cases of COVID-19. P.S. It`s not the financial...
There are two possible scenarios. But in case of Biden`s victory I`m inclined to falling scenario.
Possible enter on channel and 406.97 price brakeout.
Price has bounsed from 618 fibo and 50EMA. Candle opend and closed above 50EMA. On the weeklee chart you can notice cup and it`s going to add a handle.
I see Cup & Handle. US election can boost the USD/RUB pair up to 92-107 rub per dollar.