$NVTS:1W Small cap semi-conductor company and Seeking Alpha darling NASDAQ:NVTS is showing signs of strength, holding the 0.5 Retrace with a bullish outside bar on the weekly time frame. For NASDAQ:NVTS to breakout from the downward wedge being formed on the weekly chart, I would need to see strong consolidation above the 1.382 (9.12) price level and for an...
Price has broken the range above and currently retesting it. Paired with positive analyst expectations I'm bullish on Navitas Semiconductor Corp.
Simple double bottom formation. Notice the peak (middle red line). Double bottom formations require a break north of that peak to confirm the pattern. Ghost feed is just my projection of what "could" happen, not what will happen.
ABOUT DYNAMIC RANGE NVT SIGNAL NVT Signal (Credit: woobull.com) is akin to a "PE" ratio for Bitcoin, and can be used to identify when Bitcoin is overbought or oversold based on the relative value of transactions sent across the network. This indicator includes a 2 year moving average and standard deviation to identify outlier values, instead of declaring a static...