Looks like we may be seeing a bear trap play out under the falling wedge pattern. Ideally we would close out Wednesday, and the monthly candle, at ~18.5c for a long legged doji, this would leave a long wick under the falling wedge. If that doesn't happen then it could spend a few weeks under the wedge in a tight range.
If we do get a doji on the monthly then that would definitely be an end to the bear sentiment IMO, and could easily see gains of 100% or more over the following weeks and months.
Weekly Chart;
We have a falling wedge in a downtrend:
NVA Chart, page-2045
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15.0¢ |
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Mkt cap ! $36.53M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 44377 | 14.5¢ |
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|---|---|---|
| 15.0¢ | 6491 | 1 |
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| Last trade - 14.55pm 03/09/2024 (20 minute delay) ? |
| NVA (ASX) Chart |