$NOV novattiSOrry, reprint - this one much more logical. I had added things in and not checked properly before.
VOila. New bullflag forming atop old one. Prob guided down under that gradient and squeeze vs old bullflag lid.
NOV trade ideas
$NOV NovarttiHOpe you aren't a hodler!!!
Looks like she's forming a bullflag there. I've taken historical the gradients from the p [rior consolidations. They are all consistent so far. The pitch of the final flag remains to be seen, but likely the light green again. There is a nice ledge there for a waistline and the VWAPs and RSI bands are looking good.
Plenty of down left though.
NOV on path to hit 80c mid July. Following channel path, NOV will likely move up and test old highs at 71.5c, would suprise me if it hit 72 or 73c before pulling back into channel and consolidated before next push up. I wouldnt want to see it break channel aa it always gets heavily sold into. To high for me for an entry here. But if you believe in the growth of the company. Entry with a stop at 56c is ideal.
No follow through for NOV, but next week could be good to accumuNo follow through on the back of the final hour the day before, means it isnt ready to go higher, will need a week to consolidate here before moving higher. A candle like this tells me bulls are in control, so there could be a healthy move next week. But only time tells there, id hold off buying until a move to 67c, but if you are already a holder, a good time to accumulate as long as there js no overall market weakness. (Market weakness will just push stock prices lower due to panic in retail, no sentiment on company performance).
A congratulation to holders in NOV chartGreat news this morning but huge selling pressure to come with it. Final hour however shows strength for a move up tomorrow. I can only give a target of 80c if you wish to enter it.. but id much rather see some more price action before entering for a short term trade. Medium term target with this partnership would ideally be around the $1 mark for NOV.
Channel path for NOV as it looks to weak to push higher atm.Will probably pull back and consolidate here before pushing higher. Alot of green across payments sector and NOV in red. Doesnt say it will dump. Just needs time to consolidate. Will likely push to the 60c mark and higher in May.
Bounce for NOV on hourly here. Bit of consolidation maybe, but NOV share price action is showing me its very bullish. Entry here with a stop at 40c with potential upside of $1. Best fundamentals in fintech sector and only small market cap.
NOV edging back up to previous highs around 50cNovatti was being accumulated around 40c and has now changed hands ready for its next run. Recent fintech announcements, such as LifePay, have attracted more buying interest over the last month. Still undervalued according to Morningstar rated at 62c.
How i see Novatti playing outStrong volume on friday to mark a change in direction i feel. Novatti has strong FA behind the company and long term will have a share price to match.
Going off the chart, i see a bounce, pull back, bounce (double bottom) coming up in the next 2 weeks, followed by some steady growth.
Novatti was sitting idle for so long, a break out followed by a pullback is usually a bullish sign for a stock. But given fintechs performance over the last 3 weeks, enter with caution and have a stop loss at 30c
NOV Breakout - news-flow set to push NOV higher NOV has broken a symmetrical triangle.
Significant upside.
Fundamentals:
- Growing revenue +50% year on year
- Major partnerships with global leaders - Apple Pay, Google Pay, Union Pay, Alipay, Ripple
- BNPL exposure
- US expansion commenced
- trading at 4X revenue, with peers trading at 15-20x revenue
NOVNOV looking to break 0.305 ...
recent Vol spikes on expanding price action is a big positive...
general trend is up with RSI about to broach to 70 level showing further demand
NOV:ASX - NOVATTI GROUP - Fintech payments and digital bankingQuarterly updates looked good. Chart looks good. Might be worth a look.
Could be time for NOVLots of changing of hands in the 30c range recently. Plenty of volume and no drop off in price, should see the next move up soon.
Long Term Pennant for NOV being broken upwardsLong term Pennant formed from NOV has been pushed through to the upside, all it needs is some volume and we will see movement to 40c by the end of year.
NOV Breaking Out?Basic chart - But on the Daily it appears NOV has closed above the resistance with strong volume arriving.
Last week we saw other digital payment companies CRO and IP1 move up almost 100% and this hype could flow into NOV with strong technicals and fundamentals.
Potential Break?Simple chart here - Looks like it's breaking out and now trending back up from the recent highs.
$NOV - moment of truth time.NOV chart suggests that this company is well supported. I'll be looking for a flag here and then how it reacts. Guess its now down to management if they can deliver real growth. Quarterly was well received today. Big 3-6 months coming up for this mob.
