NVX 3.98% 84.5¢ novonix limited

Nice move to target in run up to BD for holders.Prev chart post...

  1. 6,255 Posts.
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    Nice move to target in run up to BD for holders.

    Prev chart post 23/8 HERE

    Updated same charts as at EOD with a Heiken Ashi added.

    After initial Tri break & small retest / consol, saw another poss Desc Tri (generally considered bearish but definitely not always) with another small upward break now. Little uncharted territory now given SP against historical values. Underlying FA really now needs kick in and support further moves.upward with vol. Current daily vol reasonable, supporting todays move finishing high on bar. Break the next D & W indicated Fib areas around low 2 teens then next to look at is around 2.40. Underlying bullish indicators though watch for any weakness in subsequent bars coming.

    https://hotcopper.com.au/data/attachments/2452/2452574-0a7e6852459bb347e2a61e5c2c4fa4ca.jpg


    https://hotcopper.com.au/data/attachments/2452/2452577-7337fbebb03fb9b0f10e330d483b9d16.jpg


    https://hotcopper.com.au/data/attachments/2452/2452580-f816362b56c97ab576f9dbd2f3f4b77f.jpg


    https://hotcopper.com.au/data/attachments/2452/2452583-79cecd5007270521a3f552a5917480ff.jpg
 
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