NVX is attempting a breakout from a 6-week H&S bottom pattern that formed within a weekly
resistance "zone." This coincides with a break above the 5- week SMA for the first time in
quite a while. I have discussed the 5- week (and 5-day) SMA's and why I keep an eye on them
in some of my previous posts. The minimum measured target is circa 3.22 and if it gets there
I will consider holding a portion for the potential filling of some higher gaps. I am long at 2.67
with a stop below the right shoulder and weekly 5-SMA at 2.29.
** I have not done much trading at all in the last couple of months and even less posting.
The market has not provided me with the type of entries I require. I am grateful this has
given me the opportunity to focus more on other areas of my life. Patience is key in
the game of trading and I have avoided quite a bit of trouble by employing some of it
in recent times.
Relatively small patterns (some posts and some pre-breakout) similar to this H&S pattern,
have been appearing on a range of stocks and on some of the indexes. I am not convinced
we have seen the end of the turmoil but I will take trades that provide valid entries, with
managed risk.
All IMHO & GLTA
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NVX is attempting a breakout from a 6-week H&S bottom pattern...
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Last
80.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $394.9M |
Open | High | Low | Value | Volume |
79.5¢ | 80.5¢ | 78.0¢ | $706.0K | 891.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19894 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.5¢ | 23508 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19894 | 0.800 |
1 | 6920 | 0.795 |
3 | 14084 | 0.790 |
6 | 50409 | 0.785 |
6 | 139415 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.805 | 23508 | 2 |
0.810 | 5000 | 1 |
0.815 | 17700 | 2 |
0.820 | 35077 | 3 |
0.825 | 25697 | 4 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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NVX (ASX) Chart |