Nova Eye Medical (EYE) Chart Thread, page-294

So a very nice close to the week there (fair value ) and to be honest even with my now "holders bias", the chart has acted perfectly and all you'd want. No big high spikes, just demand outstripping supply.

SP has closed above the bollie median putting the upper bollie in play and hopefully come Mon / Tue you see a change of direction with the upper bollie to allow for higher candles. MACD has been a superb tour guide for this trade since Wednesday when it began to wick up aggressively and that angle hasn't changed (a very good sign).



Here's your weekly, obviously you'd love to see it close above the median line next week printing another green but we'll see. (such a long time away).



As far as targets go for those interested, apart from the upper bollie (on previous daily chart) there's a bit of resistance at .285 but let's see if it gets there first and worry about it then.



As far as trade analysis goes then you can see the day was dominated by buyers with a VWAP of high .23's. Nice.



And the beauty of EYE is that we don't have to worry about "short" content as there's no script available to short........yet.

Anyway, enough of this boring stuff, it's been a good week for EYE. IMO.

Cheers