NVCR trade ideas
NVCR- Time 2 Go Short?Only been a stock for around 2 years, but do believe in history repeating itself. Last July around this time a $4.00 drop, so will be looking to sell shares on shorter time frames down to around $16.00 at this time. You could wait to evaluate future after this week is done and set up new trades for next week. This stock has had a +100% bullish run this yr, over $10 share price & market cap of 1.72 billion & current volume over 1,000,000. Please look further if you invest.
Long after pullback for NVCRAs we see, we have a strong uptrend here.
Unfortunately we just missed a breakout but that doesn't matter as we wait for the pullback to come to an end, and then ride the wave again.
You can see close to perfect higher highs and higher lows and after every new high, there was the consolidation phase, wich we are having right now. I believe in one or two days, this phase should be over and we are off to new highs!
I will keep you up to date with this one as it looks so nice (for me as trend follower)!
NVCR- Short from 7.47NVCR broke down from a triangle formation & now forming a bear flag, looks a bear pennant formation in weekly frame the decline came with a bad earning report.
Also recent insider selling weighing on the down side. We think it will decline & our targets are 6.13 & 4.13
You can check our detailed analysis on NVCR in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 9:00"
Trade Status: Pending
