NOVA: clean reversalThe day is not over yet, but at this point NOVA is attaractive again.
After sell off with no news, on sympathy with overall market, making clean hammer reversal above the strong level.
Looks like it can run into earnings.
NOVA trade ideas
$NOVA can rise in the next daysContextual immersion trading strategy idea.
Sunnova Energy International Inc. provides residential solar and energy storage services in the United States.
The demand for shares of the company still looks higher than the supply.
So I opened a long position again from $29,36 ;
stop-loss — $27,42.
Information about take-profits will be later.
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.
Thanks for being with me!
NOVA strong chart; pre-earnings playI was scouting for some pre-earnings play and found this one.
Looks like it can run into earnings 28 october.
- Clear, great looking chart: consolidation, higher lows, bullish flag
- Accumulation volume
- Solars are strong lately; this particular one have good news
- Analyst upgrades lately
So, I took a starter at 29.11 expecting breakout from this consolidation.
$NOVA can rise in the next daysContextual immersion trading strategy idea.
Sunnova Energy International Inc. provides residential solar and energy storage services in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $30,40;
stop-loss — $27,20.
Information about take-profits will be later.
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.
Thanks for being with me!
Inverse head and shoulders hints at more upsideClear pattern on this solar stock sets it up nicely for the week ahead.
NOVA Long Trade Big Beautiful HammerThis thing is in an uptrend my target would be 2R but likely would pull the trade before earnings wherever its at. Buy stop order above the hammer. Look at the history this thing respects the hammers.
The Value of SUNNOVA ENERGY INTERNATIONAL DailyHey people, SUNNOVA ENERGY INTERNATIONAL is in a bullish push with high buying volume and a shadow of buyers. On the TIMEFRAME 1 Min we see a rejection of the sellers then a collapse of the price. She is heading towards her last low point bear which is located below the Vwap. Great luck that it comes back in force in a rise immediately after. Big potential to go to the next high See 15 min pass the two tops in a row, go and fill a bullish gap. But not enough power so we want to get it right, make up for the losses of the fall panic from the last highest.
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NOVA Three Rising Valleys (bullish)I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 67%
TARGET (EXIT) PRICE = 27.78 USD
BREAKOUT (ENTRY) PRICE = 26.23 USD
DISTANCE TO TARGET PRICE = 4.99%
EMERGED ON = Sep 24, 12:00 PM (EDT)
CONFIRMED ON = Sep 24, 01:15 PM (EDT)
WITH CONFIDENCE LEVEL = 75%
The Three Rising Valleys pattern forms when three minor Lows (1, 3, 5) arranged along an upward sloping trend line. It often appears at the end of a declining trend – an indication that buyers are overtaking sellers, which ultimately pushes the price higher.
This type of formation happens when investors shift into buying mode following a consolidation period.
Trade idea
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price level by adding the pattern’s height (highest price minus the lowest price within the pattern) to the breakout level (the highest high). When trading, wait for the confirmation move, which is when the price rises above the breakout level.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
NOVA in Odd Consolidation Pattern - Trend Breaking? REVERSAL?$NOVA has made a steady climb since the March lows resulting from the COVID Crash.
The trend is clearly seen w/ a steady ascent and minimal retraces -- That is, until now. The highlighted square provides a look at how NOVA has broken from a steady trend it maintained for nearly six-months. As to whether this is a full-reversal and trace down to previous marks - It is tough to call, at this point. The entire N.E. sector has been performing **Extremely Well** -- And one might even have been expecting some sort of recoil from NOVA and other hot stocks in the N.E. industry.
That said, the window of anomalous behavior is comparatively short in comparison to the overall trend throughout the past six months. Admittedly, while this trader does have a LONG position on the holding, it is tough to say that is with a high degree of confidence. HOWEVER, if a belief is maintained in the overall 6-mo. trend, there is now still a very golden entrance point here.
I seldom throw a disclaimer - But this is definitely not... NOT NOT, actual "advice."
I am as confounded by its tough trading day as many others surely are, with my fingers crossed that the overall harmonics just provided a buy window, but obviously not a major reversal. This is definitely worth watching to compile better and deeper data about what is going on in this purple square. Right now, I know just as much about deep-sea creatures: which is to say, nothing.
This is probably the most uncertain I've felt entering a position, the most gamble-driven...Hopefully, there is profit at the end, instead of "A Lesson."
Thanks, and HAPPY TRADING/INVESTING/OR WHATEVER.
-BDR
WTRH a quarterly gainer,rising +301%.Expect Uptrend continuationWaitr Holdings (WTRH, $5.34) was one of top quarterly gainers, jumping +301.5% to $5.34 per share. Tickeron A.I.dvisor analyzed 24 stocks in the Internet Retail Industry over the last three months, and discovered that 24 of them (100%) charted an Uptrend while none of them (0%) trended down. Tickeron A.I.dvisor found 72 similar cases when WTRH's price jumped over 15% within three months. In 43 out of those 72 cases, WTRH's price went up during the following month. Based on these historical data,Tickeron A.I. thinks the odds of an Uptrend continuation for WTRH are 60%.
Current price $5.34 is above $2.60 the highest resistance line found by Tickeron A.I. Throughout the month of 06/29/20 - 07/30/20, the price experienced a +103% Uptrend. During the week of 07/23/20 - 07/30/20, the stock enjoyed a +12% Uptrend growth.
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. Tickeron AI shows that in 50 of 89 similar cases where WTRH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.
NOVA a top quarterly gainer,rising +88%. Expect Uptrend reversalSunnova Energy International (NOVA, $23.74) was one of top quarterly gainers, jumping +88.41% to $23.74 per share. Tickeron A.I.dvisor analyzed 51 stocks in the Wholesale Distributors Industry over the last three months, and discovered that 44 of them (87.18%) charted an Uptrend while 7 of them (12.82%) trended down.Tickeron A.I.dvisor found 45 similar cases when NOVA's price went up 15% within three months. Tickeron AI shows that in 41 out of those 45 cases, NOVA's price went down during the following month. Based on these historical data, A.I. thinks the odds of an Uptrend reversal for NOVA are 90%.
Current price $24.44 is above $19.40 the highest resistance line found by Tickeron A.I. Throughout the month of 06/25/20 - 07/28/20, the price experienced a +26% Uptrend. During the week of 07/21/20 - 07/28/20, the stock enjoyed a +9% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where NOVA's MACD histogram became positive, Tickeron AI shows that in 7 of 7 cases, the price rose further within the following month. The odds of a continued Uptrend are 90%.
The Aroon Indicator entered an Uptrend today.Tickeron AI shows that in 65 of 71 similar cases where NOVA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
