NVA 6.90% 15.5¢ nova minerals limited

NVA Chart, page-1462

  1. 759 Posts.
    lightbulb Created with Sketch. 1260
    Correct princey37 with the candles. Failed to make new highs for the last 3 sessions.
    I mentioned last week that 86/87 was the next stop, then 98. On TA we are now due for a small pull back, imo to 77, maybe a wick to 76.
    In my chart I have highlighted the narrow channel upwards, also the pullback support line at 77 which is also the centre bollie bands
    RSI is slightly overbought, not a biggy.
    Volume is my biggest concern, i.e. low and the OBV has also been flatlining for months.
    All these indicators tell me that it is retail buying, mainly trying to take a punt on the assay results outstanding.
    Until we see a turn around in volume this stock won't take off. IMO.
    But this could be as soon as tomorrow or next week. We just need to be patient.
    https://hotcopper.com.au/data/attachments/4558/4558585-026c6e8330a9b23c19da48fb02b9ab0d.jpg

 
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