NovoCure Limited (NVCR) to rally 100% ??** short term forecast, days and weeks ahead **
On the above 10 day chart price action has crashed 95% since support failed. Today sellers are trying to push that correction to 100%, are they right?
Unlikely.
1) Price action (not visible on LOG) and RSI resistance breakouts.
2) Support on past resistance confirms.
3) Trend reversal. Higher lows print.
4) Bull flag confirmation forecasting a 100% move to mid 30’s.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: you decide
Timeframe for long: Yesterday
Return: 100%
Stop loss: Will say elsewhere
