NVA 2.63% 19.5¢ nova minerals limited

Thought I'd share my chart and thoughts, some of you won't like...

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    Thought I'd share my chart and thoughts, some of you won't like it, but most of us didn't like yesterdays' FA either!

    I mentioned 6 or so weeks ago if it breaks 50c, 'watch out' as there is limited support below previous support levels. Having said that, the RSI plummeted to 20, so I bought another 50k units in the low 40s, thinking that the MRE would turn it back up. Wrong. Just shows that FA can stuff up TA.
    So new analysis.
    New support is not until a weak historic base at 21c, then the is strong support at 15c from June19. Yep this could get UGLY.
    As for the chart below, I have circled the last 2 trading days, the was a slight tail on the candle today, but not enough to be capitulation, so we still need a wash out. The ema8 has turned down, and the BBs have opened very wide suggesting that there is more to play out yet. RSI is back at 20, but I am not buying anymore now, bottom draw with my other hopeful, HCH.

    The only thing that can turn this around now is a 'please explain' from management and a STRONG SS2.
    Not sure if we'll get either as my support for the BOD is now shot!
    https://hotcopper.com.au/data/attachments/5193/5193410-713b06f4c4640cd7633aa36fb0b7fa2e.jpg
    https://hotcopper.com.au/data/attachments/5193/5193412-49fc7217d402b900f72fd04545a243ef.jpg
 
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