NVLS - watching for Breakout
NVLS is in our watch list from a while as a fallen angel type of Long, and this time it seems ready to burst out one way or other. It has huge upside potential if it can cross above MA50.
(Note: Trade update is delayed here.)
NVLS
NVLS - Fallen angel pattern Long from current level to $3 NVLS forming a fallen angel pattern. It the daily frame still its not mature but in hourly frame it seems ready for entry. In hourly frame it has nice upward momentum & crossed above EMA line. We are looking for a long from current level to $3 area.
Trade Criteria
Entry Target Criteria- current price
Exit Target Criteria- $3
Stop Loss Criteria- TBC
Special Note- Set in hourly frame, possible day trade.
You can check our detailed analysis on NVLS in the trading room/ Executive summary link here-
www.screencast.com
Time Span- 55:30"
Trade Status: Pending
