NVX Retrace to 0.525Bearish signs to drop to 0.52'ish.
M-top and Bearish Pennant indicate a drop to mid-30c (worst case scenario)
NVX trade ideas
Powering the Future: Novonix (NVX) Charges Ahead ASX:NVX Novonix Limited, a company specializing in advanced battery materials and technology, has recently received a significant boost with its strategic partnership & off-take agreement with Panasonic Energy.
The supply deal with Panasonic signals a strong vote of confidence in Novonix's synthetic graphite technology, which boasts superior performance characteristics compared to traditional graphite materials. With Panasonic being a prominent supplier to major EV manufacturers like Tesla & Mazda, this partnership opens up significant growth opportunities for Novonix within the rapidly expanding EV market and solidifies Novonix's position as a crucial player in the supply chain for synthetic graphite batteries, particularly for electric vehicles (EVs).
Adding to the excitement, Jeff Dahn, a celebrity in the battery field, serves as the Chief Scientific Advisor at Novonix. Dahn's decision to transition from his leadership role at Tesla’s Advanced Battery Research group to advise for Novonix speaks volumes about the company's innovative vision. Notably, Professor Dahn and his research team maintain collaborations with Tesla, further bolstering Novonix's industry credibility and strategic vision.
Novonix's proprietary battery testing equipment and services have garnered widespread acclaim within the industry. Their cutting-edge technology enables more accurate and efficient testing of lithium-ion batteries, addressing a critical need for battery manufacturers striving to enhance performance and reliability.
In addition to its technological prowess, Novonix boasts a robust intellectual property portfolio, including patents and proprietary processes, providing a solid foundation for long-term growth and competitive advantage in the burgeoning battery market.
The global push towards decarbonization and electrification further amplifies Novonix's bullish outlook. As governments worldwide enact stricter regulations on emissions and incentivize the adoption of electric vehicles, the demand for advanced battery materials is poised to skyrocket. Novonix stands at the forefront of this revolution, positioned to capitalize on the surging demand for high-performance batteries.
Novonix's alignment with industry stalwarts like Panasonic, coupled with Jeff Dahn's Tesla connection and its pioneering technology, positions the company for sustained growth and leadership in the dynamic battery market. As the demand for high-performance batteries continues to soar, Novonix stands poised to capitalize on this trend, delivering value to investors and stakeholders alike.
The Technicals: In analyzing the technical aspects, it's noteworthy that ASX:NVX (ASX) recently rebounded from a significant resistance level at $0.530, indicating strong buying interest. I believe ASX:NVX is at a discounted price and has great upside potential. #Bullish
NOVONIX LIMITED the ATH NVX Limited is also at the top of my buying list for the next few months. On a monthly basis, the price has stabilized and should definitely go up from the low. Even though this company is causing a lot of movement, the recommendation is on a monthly basis, so hold, hold, hold until the ATH.
Novonix limited- wait and see case💎The price has come to a confluence of a trend line with the fib ratio of 0.618. The only wait is for some kind of bullish candle.
💎 The downward trend is the correction of a larger degree of wave 1. wave 2 could go further down.
🚩30ma has act as a downward trendline showing a bearish scenario if the price breaks the trendline.
Thematic Play...Battery tech company had a huge run up then big correction as many things have...looks like a decent opportunity here...can't see something like this dying anytime soon.
NovonoxThe next critical support is at $1.02 around. We will see for the potential bounce from that support level. It has completed wave 4 with a flat pattern and heading towards to complete its wave 5 impulse.
possibly another head and shoulder in one chart againas you see another head and shoulder has been made after a head and shoulder earlier this year and second one is ready to break down
let see how it goes if it breaks down probably will reach $1 per share and best price for long term holding.
NVX Biden and Gap It seems Biden is betting big on EVs. Because he is spraying the US oil reserve (to hold Crude prices due to inflation) and granting EVs and green energy in many ways. And $NVX, $SYR, $PPL are granted ones. The $NVC chart attracted me more. I bet it will go up far.
NVX- This is the last critical supportFormation of nice double bottom at the last critical support. Followed by the decent volume when formation of this pattern.
RSI divergence occurred and bullish momentum on the macd.
*not a trading tips.
Novonix Limited ASX Long for NVX.ASX
Coming out of strong monthly cycle bottom.
ATH/ATR 50 and 75% market on chart.
Grey lines - price clusters / S&R
NVX a great opportunity to $7for those looking for a great opportunity this downtrend has been clearly broken and made a fresh opportunity to reach first $7 in short term then long term maybe $12.
$NVXwould like to see NVX come back and backtest the 2020 year high in blue,.
I will be looking for a retest and reversal at this level. At present it may be another liquidity hunt of lower timeframes.
Below and hold below 2020 year high and im not interested.
head and shoulder pattern for NVX it's clearly head and shoulder pattern happened for this chart possibly in next few weeks we will reach target 1 and further down to target 2.
NVX in a few months if it repeats againlook at weekly channel if history repeats itself we should see in a few months huge jump in nvx price.
$NVX consolidating for a break outMultiple test on 100MA at 4HR forming a wedge/flag consolidation.
Daily multiple test on and hugging relatively tight on 50MA
Fundamentals have not changed regardless of macro-events.
Novonix ST: the upside prevails as long as 9.20 is support.Alternative scenario: the downside breakout of 9.20 would call for 7.10.
My pivot point stands at 8.20.
My preference: the upside prevails as long as 0.20 is support.
Comment:
the RSI is above its neutrality area at 50.
The MACD is positive and above its signal line.
The configuration is positive.
Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 9.11 and 9.11).
Trade Safe -
Jimster45
NVX to play a key role in building Canadian battery supply chainNVX recovering nicely after its recent dump. Don't forget this share is still up a massive 780% for the year, after its pull back.
Worth keeping an eye on.
$NVX day trade shortShorting on the break of the trend-line and although this stock is one of the clear stand out performers I think there may be a bit too much selling form a technical perspective to hold it up - $10.00 seems like a natural place to take profits after an extended run as well
NVX - 4 Bar Setup LongSimple 4 Bar Setup on the daily chart after a correction, with momentum ticking back up. Fundamentals also seem bullish for this stock with demand for battery materials staying elevated I don't see why NVX couldn't break out to new highs as FOMO runs rampant. Not financial advice just showing a good setup in my opinion.
NVX.ASX_Retracement Trade_LongENTRY: 5.37
SL: 4.77
TP: 7.11
- ADX>20
- RSI<50,RSI>30
- Daily RS +ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Retraced to 61.8% fib level.
- Volume dry up on 13 Oct 2021 and moved up with higher volume today.
NVX_Long on retracementPrice retraced to 61.8 level + 50SMA + vol dry-up on 11 Oct 21
Entry: $5.27
SL: $4.65
TP: $7.10
NVX Decition Time... NVX Had a perfect buy opportunity in the retracement.
Do you think it's time to sell, Or should one buy the breakout?
Let us know in the comments!
