NOAV bottom fish play
bottom fish opportunity, this one can look for entry at the bid, real action doesn’t start until over 1.52 and watch for rejection at 1.64 (could be quick in and out target might blast through without any resistance)
Entry @ the bid over 1.35
PT1- $1.66
PT2- $2.02
Macro (weekly hold)
PT1- $2.49
PT2- $3.32
PT3- $3.78
stop loss 1.33
R:R (PT2) 8.86 +43%
Cautions, low float can mean moon shots or steep elevator rides down, physical stops are highly recommended on this one and if kept tight can look for re entry if it stabilizes after getting struck.
They have no history of splits, I’m currently looking into open offerings or potential for a momentum killer shelf.
The weekly chart (last picture) makes me a little uncomfortable the way my averages are stacked and RSI below trend but reversals happen before weekly candles form, so proper risk management is a must. This could be fun though.
NAOV is low floater and could get violent with volatility. 24M OS
Entry @ the bid over 1.35
PT1- $1.66
PT2- $2.02
Macro (weekly hold)
PT1- $2.49
PT2- $3.32
PT3- $3.78
stop loss 1.33
R:R (PT2) 8.86 +43%
Cautions, low float can mean moon shots or steep elevator rides down, physical stops are highly recommended on this one and if kept tight can look for re entry if it stabilizes after getting struck.
They have no history of splits, I’m currently looking into open offerings or potential for a momentum killer shelf.
The weekly chart (last picture) makes me a little uncomfortable the way my averages are stacked and RSI below trend but reversals happen before weekly candles form, so proper risk management is a must. This could be fun though.
NAOV is low floater and could get violent with volatility. 24M OS
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