NNOX trade ideas
$NNOX Set upNNOX is approaching first somewhat meaningful support (arrows). Will sell volatility in the form of puts with small notional there.
NNOX: TSLA OF HEALTCARE?After successful breakout above 51, NNOX has been retracing to test the newly formed RBS.
Fundamentally, it has had a successful launch of its futuristic looking NANOx.ARC, which design can only be seen in Startrek or Starwars movies before this. This could provide major tailwind for NNOX as Xray imaging is one of the most essential diagnostic process especially during the current era of chest & lung loving virus.
Looking to enter at current level and hold forever.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
NNOX needs to close above $40.50 for next leg upI'm long NNOX from about $35. Considering adding more if it closes above $40.50.
- MACD bullish
- There is a hammer followed by an inverted hammer. The hammer candlestick is generally bullish suggesting low prices were rejected (long wick below candle).
- However, the inverted hammer (the very next day!) is typically bearish suggesting the higher prices were rejected at the top (the long wick). Whats interesting is it moved right past this bearish indicator. So looks like weak hands got cleared out and potentially we will move thru previous resistance of $40.50.
NNOX Long for Scalping above 40.54NASDAQ:NNOX
candidate for scalp swing over 40.54, trend stock and very volatility
after 2 days of resistance on same price (40.50$, 40.54$)
takes care of quantity in this stock..
$NNOX: Gap Fill Started, Needs to Break ResistanceCurrently it looks like Nanox on Friday have started to dramatically shift up, especially after hours with lots of the logarithmic curve that was downward already starting to curve. It still has lots of resistance given the rise of short sellers and puts, but that resistance seems to be fading. According to Algowins, when looking at short activity, the worst day in terms of test with over -49.6 was on September 15th, this was when a short seller released a report against Nanox. The "fear index" at that time was likely high. If Nanox increases in positive sentiment which looks to be the case, likely support levels can continue picking up for stable positive retest + stock growth. That said, please consider everything I say "as is", and on an opinion based basis. Do your own due diligence, and invest at your own risk.
NNOX: Logarithmic Curve FlatteningNanox has had quite alot of resistance after the short sellers' reports. However, the resistance seems to be slowly fading away. Right now, there is still alot of resistance and short pattern volume. The logarithmic curve for a bearish pattern seems to be curving, and it looks like it is slowly garnishing momentum and picking back up support levels. If Nanox is able to keep and garnish trader's interest, their could be possibility of a reversal soon. Either way, the long term potential seems to be there. I am long on this. That said, do your own due diligence and invest at your own risk.
CITRON is giving a GREAT SHORT opportunity with $NNOXCitron following intraday trading strategy idea
Nano-X Imaging is developing an improved and less costly form of medical imaging technology.
The share price is falling and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a long position from $42,43;
take-profit — $28,78;
stop-loss — $46,99.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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I Might Be Super Long for NNOXNNOX is one of those IPOs that were interesting me. I got in at $22.53 in one account, and averaging $24.49 in another. I exited out in one account at roughly $30.25 and the other at $29.50 near the peak. I did a rentry recently at $24.96, and was going to put a sale of $28.50 but decided to cancel that one and go in long. NNOX seems to be interesting to someone like me in terms of overall long term potential. I am doing research in similar markets so I know the sensors they want to provide are relatively basic compared to what is out there. The value proposition seems to be instead of using technology in the 80s and 90s to power medical imaging devices, use technology from the 2000s. They seem to be having a highly realistic value proposition from a technological standpoint. WalletInvestor recently came out with ludicrously large 1 year and 5 year targets for them, and the Montley Fool recently seemed to nickname them the "Tesla of Medical Imaging". Those are two popular resources seeming to add to people's bullishness. Given what has been said, I expect Nanox Imaging to garnish higher support levels. The sentiment seems positive as of now, and I don't expect major resistance patterns too soon. Also, I don't see reasons why the FDA might reject their device or the FCC might have a problem, given that more than likely this may emit less radiation than typical medical imaging machinery. That being said, everything I am saying is on an opinion based basis. Please do your own due diligence, invest at your own risk, and proceed with caution.
NNOX: Huge IPO Signal: $38+ Target?12:15 Price was $21.76, entry was at $22.53, current price now is at $24.50, target is $38. Right now, Nanox Vision has alot of potential as a Siemens competitor, and the sentiment is overwhelmingly positive. I think continued support for this IPO shall continue this bullish run. That being said, currently a long position. Please keep in mind, everything I say is on an opinion based basis. Please do your own due diligence, proceed with caution and invest at your own risk.
$NNOX is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Nano-X Imaging is developing an improved and less costly form of medical imaging technology.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $22,00;
take-profit — $28,75;
stop-loss — $19,75.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
