NVX 6.16% 68.5¢ novonix limited

Hi All, Hope everyone is keeping well. Some updated charts from...

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    Hi All,

    Hope everyone is keeping well.

    Some updated charts from December: at the time we identified the two support regions on the weekl and the daily chart was under pressure.

    Weekly is now currently testing that first region of support around $6.50-$7.00, close below $6.60 brings lower support into play. The wick on last weeks candle does indicate to me further potenital downside but currently finding support.

    https://hotcopper.com.au/data/attachments/4068/4068821-72492f3637a2fb4cc2cd51c1f786503f.jpg

    Daily may bounce in the short term here, likely to find some resistance at the round numbers $7 and more significantly at $8, no volume behind the current move yet.

    https://hotcopper.com.au/data/attachments/4068/4068759-a31a902a659f0792ad13854cfd449376.jpg

    Best of luck to all holders,
    PM
 
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