NVX 1.45% 70.0¢ novonix limited

G'day guys,Its a little disappointing that the only chatter in...

  1. 45 Posts.
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    G'day guys,

    Its a little disappointing that the only chatter in here is Kokoro's continual downramping.

    Does anyone have any TA reading of the chart? I'll admit that my abilities here are rudimentary and I do like to read what others post to help build that foundational knowledge - especially when it concerns stocks, I've invested in.

    Now the way I see the chart is that we've broken down through a couple of resistance barriers of late, and potentially looking at closing a gap or two.
    Today its dropped down to the top of a gap from June 2020 at the 66/67c range, and that gap goes down to 58c.

    Do we think that gap is likely to close (my rudimentary thinking says yes) and is that the next entry point, or is the resistance point down in the low 30c where the 200/200/50/20 Day EMA converged and crossed on its run-up to that gap?

    I'm not averse to negative sentiment at all but am looking to add more to my holdings and continue to avg down whilst the opportunity is here.
 
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