Long
NOVN PENNANT SUCCESS
The stock has risen nicely since the news on 12 DEC 2020, that Novan Inc is working on an intranasal vaccine for Covid-19. That grabbed my attention since I am not looking forward to that inch and a half needle being jabbed into my arm. As you can see a beautiful pennant started forming at the end of a cup and handle pattern so I jumped in at 1.02 per share.
Today showed a nice jump up above that pennant. Since I am in this for the long term I plan on grabbing more shares when the stock price rests.
Will it close above the resistance at 1.34? Will it fill the gap from 2 JAN 2020? All good questions. What are your thoughts?
Today showed a nice jump up above that pennant. Since I am in this for the long term I plan on grabbing more shares when the stock price rests.
Will it close above the resistance at 1.34? Will it fill the gap from 2 JAN 2020? All good questions. What are your thoughts?
Note
Finished the cup & handle pattern. Next resistance is at 1.75Trade active
Another pennant pattern has formed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.