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
89.0¢ |
Change
0.055(6.59%) |
Mkt cap ! $435.1M |
Open | High | Low | Value | Volume |
84.0¢ | 89.0¢ | 84.0¢ | $2.023M | 2.327M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13067 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.5¢ | 48554 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13067 | 0.890 |
3 | 10300 | 0.880 |
4 | 49239 | 0.875 |
2 | 21820 | 0.870 |
4 | 52613 | 0.865 |
Price($) | Vol. | No. |
---|---|---|
0.895 | 48554 | 3 |
0.900 | 32220 | 8 |
0.905 | 62431 | 3 |
0.910 | 31708 | 3 |
0.920 | 36847 | 3 |
Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
88.5¢ |
  |
Change
0.055 ( 6.60 %) |
|||
Open | High | Low | Volume | ||
85.0¢ | 89.0¢ | 84.0¢ | 384709 | ||
Last updated 15.59pm 29/04/2024 ? |
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NVX (ASX) Chart |