Long
Novo resources in wave (3) of wave 3, could see new highs soon
TSX:NVO seems to have completed it's wave (2) of 3 correction, has started its wave (3) of 3, the most impulsive and powerful wave.
The break above the $6.4o area would invalidate the most basic bearish count and a break above $6.80 would give credit to the bullish scenario.
This idea is valid as long as the key support of $3.80/$4.00 area holds.
The break above the $6.4o area would invalidate the most basic bearish count and a break above $6.80 would give credit to the bullish scenario.
This idea is valid as long as the key support of $3.80/$4.00 area holds.
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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.