Long
NVTA update
4hr and 30min charts, lets run it
4hr first:
4hr chart is playing our like my SQ chart, very interesting in my opinion, probably because they're bundled together in some ETFs (ark) and have might have plenty of common shareholders. Anyways, NVTA too rejected a breakout on the old ATH then found support on the old trend line, this is playing out nicely. I am bullish on the outlook of this company in the long-term however, quite worried as the price movement is highly volatile and has been very scary to follow this past month. I'm thinking of adding to my position today or tomorrow.
30min:
Here we see that hammer candle... AGAIN! (same on the 4hr chart). Low volume + this candle + move-down is making me think about how big money and institutions are playing the market. Since November 5th NVTA has been playing around the white resistance line, I'm excepting a move up + more news in the short-term.
4hr first:
4hr chart is playing our like my SQ chart, very interesting in my opinion, probably because they're bundled together in some ETFs (ark) and have might have plenty of common shareholders. Anyways, NVTA too rejected a breakout on the old ATH then found support on the old trend line, this is playing out nicely. I am bullish on the outlook of this company in the long-term however, quite worried as the price movement is highly volatile and has been very scary to follow this past month. I'm thinking of adding to my position today or tomorrow.
30min:
Here we see that hammer candle... AGAIN! (same on the 4hr chart). Low volume + this candle + move-down is making me think about how big money and institutions are playing the market. Since November 5th NVTA has been playing around the white resistance line, I'm excepting a move up + more news in the short-term.
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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.