NVCN SHORT SQUEEZE TO .18OVERSOLD WITH BULLISH INDICATORS AND MOMENTUM. VERY STRONG RESISTANCE LEVELS. QUICK PLAY. DONT HOLD.
NVCN
NVCN - Potential Market Mover TonightNVCN has seen a massive sell-off and dilution occur for a few months now with capitulation occurring in the past rally. We are in an obvious downtrend. However, it appears that we may have formed a bottom here at .10 as it would be foolish to sell at a loss at .10.
Technical's show a pretty safe buy zone here for NVCN. MACD has remained crossed up. We have strong support at .10 range. There is evident bullish divergence on the daily as we formed a lower low on the chart with higher low on the RSI . This same technical setup occurred a few months back when it fell to .50 range and it bounced to .72. Fundamentals could also be strong as ER is expected to be announced after-hours tonight, March 28, 2018. The fundamentals combined with the technical's show that we could have a short-term rally to the upper level of the downtrend around .20-.30 cents.
If ER provides favorable news, that could be enough to break the downtrend, but resistance is high and there will be a lot of penny pinching profit takers. This is a decent long term hold if you buy here and news is favorable tonight.
NVCN - Wonderful Long opportunity NVCN
Trade Logic: Perfect Fallen angel pattern, Very good 3:1 Risk / reward ration
Looks very good trade
Entry: 0.54
Target: 0.83
Stop-Loss: 0.42
You tube link: drive.google.com
Time Span: 3:50”
