There's going to be a pivot because the US inflation is 7.7% yoy instead of the estimated 8.0%. That's fantastic! 7.7% is nothing to worry about.
If your only investment thesis is Fed's pivot and stonks rallying for non-fundamental reasons, you'll be in for a prolonged roller coaster ride that will inevitably still end for NVX below $1. Just a kind reminder: a company needs to generate a revenue that aligns with its (current or expected) market value as well as be profitable, at the minimum, in the mid- to long-run. Government hand-outs and low interest rates can be great, but those are really poor thesis for an investment, unless you are a day or swing trader, ofc.
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69.0¢ |
Change
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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9 | 132316 | 68.5¢ |
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Price($) | Vol. | No. |
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11 | 159656 | 0.680 |
4 | 16715 | 0.670 |
4 | 47968 | 0.660 |
4 | 27326 | 0.655 |
Price($) | Vol. | No. |
---|---|---|
0.690 | 7736 | 1 |
0.700 | 70127 | 5 |
0.705 | 6100 | 1 |
0.710 | 19286 | 2 |
0.715 | 10000 | 1 |
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