NVA 2.44% 21.0¢ nova minerals limited

Not sure if agree with your analysis there p37. Why IMO,-8ema...

  1. 722 Posts.
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    Not sure if agree with your analysis there p37. Why IMO,

    -8ema below the 20 and 8e trending down (orange line)
    -SP broke support at 32, therefore we are now in a new Lower Low
    -BBs are starting to open, thus a new trend starting. Candles are 'pushing' the lower bollie, I would expect 3-4 candles to touch before any bounce
    -Candles are below the 8 and 20ma's
    -Numerous red candles, may get a green to bounce back to 32, then red will be back
    -RSI not over sold yet.
    -Volume has actually picked up but red.
    -No new news expected for a bit, maybe US listing but not expected to much in that front just yet.
    -New investors will look at the books and see that maybe a CR is required soon (??)
    -Macro environment shot
    -POG won't help as it won't rally until the Fed pivots. (Mar or Apr IMO).
    -Li prices down

    So not much going for NVA at the moment. I will buy more once it gets to my price target but that not a for bit.
    My shares comfortably in the bottom draw and it can stay there for a while yet. Nothing on the FA and TA front to make me buy more, or to sell for the matter.
    AIMO, GLTAH.
    https://hotcopper.com.au/data/attachments/5939/5939018-3c82f906f642a609c4106a0cb336203b.jpg


 
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