US's DOW, S&P & Nasdaq had a huge run yesterday.
More analysts are now believing that US Fed will raise 25 basis point as opposed to 50 basis point a few days ago.
IMO, we are closer to a US Fed pivot than a week ago.
Growth stocks like NVX was hit very hard when the interest rising cycle began. When the cycle pivots, this should rebound strongly.
Also long term wise - the revolution to EV is inevitable.
Coupling with the US policy (inflation reduction act) and the increasing tension between US & China, it should benefit local battery suppliers in the med/long run as the US government will encourage EV manufacturer to use local battery supplies.
Good luck and DYOR!
US's DOW, S&P & Nasdaq had a huge run yesterday.More analysts...
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Last
69.0¢ |
Change
0.005(0.73%) |
Mkt cap ! $337.4M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 70.0¢ | 68.5¢ | $300.0K | 432.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 132316 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 7736 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| NVX (ASX) Chart |