A strong breakout to the downside continues to gather momentum since Wednesday's disastrous day, where an attempt to push higher wasn't supported, and sold down, leaving a very bearish sentiment leading into Thursday. Selling continues in the US overnight, which is likely to break the support @ the $2.28 area. Next support area @ $2.09 and $1.73, with $1.73 looking more likely IMO.
The XIJ is also teetering on the brink of a further decline, led by the tech sell off on the NASDAQ, which continues to look unstable, definitely not helping things for the current NVX situation.
Without stating the obvious, there's a consistent lack of buyers atm, led by a decline in the whole sector (XIJ), and a rotation into other sectors (XHJ, XSJ, XDJ, XRJ), along with a reduction in higher risk plays by investors market wide.
A positive announcement is the only remedy to the current downtrend IMO. GLTAH
NVX Chart, page-4
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Last
85.0¢ |
Change
0.025(3.03%) |
Mkt cap ! $415.6M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 88.5¢ | 85.0¢ | $1.574M | 1.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17117 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 1405 | 2 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
85.0¢ |
Change
0.025 ( 2.98 %) |
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| Open | High | Low | Volume | ||
| 86.0¢ | 88.5¢ | 85.0¢ | 316682 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| NVX (ASX) Chart |