NVX Chart

Since the earlier gains in January, the chart has been messy and choppy, looking to find some support and resistance levels. We have since established a solid trendline (green), forming support for the new up trend. In the Us over night , it has tested this and bounced back, confirming that buyers are stepping up around these areas, we should expect the same to continue.

If we break below the trendline, next relevant support levels are at the $2.61 area, Resistance, although weak, is around the $2.80 area. Expect high volatility with rising bond yields, causing instability in the equities markets for the next week.

I hope this helps those who are fretting over price movement daily.