NVX 12.7% 71.0¢ novonix limited

NVX $20.21 in 2021, page-22

  1. 1,943 Posts.
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    IF the central banks do start tightening and the excessive liquidity begins to dry up in the markets, NVX is among the more vulnerable stocks for a large drop, seeing as it is a unprofitable and highly speculative company that is in a sector that is dominated by hype and FOMO. This is what we have seen happening over the past few weeks. IF Fed is hawkish in this month's meeting, I see NVX around or below $5 by the end of this year, with a lot more pain ahead in the next year. Of course, central banks have dug themselves into a very deep pit over the past two decades, so their so called tapering may not go very far.
    Last edited by kokoro: 05/12/21
 
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