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NVX

NVX - Buying Opportunity!!NVX has broken out of the bearish trendline with High Volume and a MACD Bullish Cross, showing conviction of the Bulls. This price action suggests it may go higher towards the next Resistance levels. My Tp1 is $2.75 with a potential gain of 16% and TP2 at 3.00 with a potential gain of 27%. My stoploss on this trade will be below this swing low at $2.00. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NVXLong
by AsimMirzaTrader
LKE BEAR FLAG or BREAK & TESTLake Resources NL (ASX:LKE; OTC:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost. Recently spotlight was shon upon LKE with the speculation that NVX was going to supply Tesla with the technology required to create the "Million Mile Battery" LKE provides NVX with Clean Battery Grade Lithium to create the NMC622 LIB (lithium Ion Battery) test cells. You can clearly see in the Chart that hype was real and then when it was proven Pure Speculation the market reaction. I wanted to let the dust settle before charting LKE next potential move. Below are 2 possibilities. SHORT- Bear Flag & Gap Fill Technicals: - Bear Flag Pattern almost complete - Stochastic almost overbought - 20MA will be lost if we cross Uptrend Trendline - Struggling to make a Higher High - Bear Flag Target 1 marrying Previous Support - Gap Open at 0.041-0.043 - Bear Flag Target 2 at previous lows LONG - New ATH Technicals: - Break and Retest off Strong Support - Stochastic has not turned - Current Bullish Market Structure - Ichimoku still Bullish - RSI still trending above the 50 and not Overbought - MAs currently still Bullish and price still currently above the 20MA Interested to see what's next for the Clean Tech Lithium Producer Personal Sentiment: Hold, Disclosure: Held "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:LKE
by Trader_Johnni
3
TRADE IDEA: NVX COVERED CALLThanks to TheBanker and the Biopharma chat room for spotting this one ... . A little bit of research on its implied volatility percentage, and voila, a diamond in the rough, premium selling play ... . Metrics: 100 Shares at 7.56 Sell Aug 19th 8 short call Whole Package: $620 debit (6.20 will be your cost basis in the shares) Max Profit: $170 if called away at $8/share or about at 27% ROC Naturally, this isn't ideal, since the bottom it put in was way below here. Because of that, I'm doing this small, just in case their Phase III RSV trial doesn't turn out as stellar as hoped ... .
NASDAQ:NVAX
by NaughtyPines