doinwork34

doinwork34

Dropping in some basic long term S/R lines, its clear that this stock has been sold into a tightening wedge under some serious pressure from volume. Lime-green line acts as the bottom of a channel and the bottom wedge support. And the dashed lines are potential profit targets. NVCN has a very high probability of making a bounce up. However, the real money can be...

doinwork34

Recent increase in volume, 200ma reversal, volatile price action. This may be one to take a core position and let it ride for several months, while also trading any of those volatile moves on the daily chart. I think with the recent consolidation back to the 200ma support, that there are good odds that we could see another move to the upside in the next few days...

doinwork34

Opened a long position today at 3.70. Stop Loss is at $3.55. Hopefully at least, we will see a test of the resistance at the bottom of the gap. The goal is to let it ride through the gap. If the move shy at resistance I will take profits and add it back to my watch list.

doinwork34

Thoughts?