Heya guys. I've been watching NVX for some years. Here's my TA...

Heya guys. I've been watching NVX for some years. Here's my TA ATM if you're interested.

current supports are: 84.7 (EMA 100) and 83.0 - the current baseline trend.
current resistances are: 87.7 (EMA43), 91.8 (EMA200) 94.5, 100.5 and 102

Price is the bottom of the current trend and being held by EMA43 (87.7). EMA 43 has acted as resistance since 19 April.

MACD looks on the rise, RSI is strong but heading into top area.

Primary FIBs for this move UP are: 90.5, 97.0, 98.5

Primary FIBs for move DOWN are: 84.5, 78.5 and 72.5

Because NVX is at the base of this move, I'd anticipate any of primary FIBs UP to be tested however if either EMA43 or 200 fails to hold, look to primary FIBs DOWN. Price action on the 17th showed EMA200 to be a step too far at the moment.

I don't have any personal view of price action in the short term. At a glance of the daily chart I'd say primary UP would be probable move. Also it appears that selling pressure or profit takers sold out over 102 after 90 odd % gains recently and current price is back where it started before that move. Those sellers could re-enter here pushing prices upward. The hourly looks less positive with indications of DOWN movement towards 85.8.

Summary, short term possible trading possibility between 85.0 and 98.5 with 95 being watch for exit target.

Daily chart



Hourly Chart


As I said, I do not have any personal view on NVXs price movements, my only interest is reading the chart. Hopefully this helps. Lastly, I am NOT trading NVX.

Good luck folks.