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
64.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $315.3M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 10750 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.700 |
1 | 1000 | 0.680 |
1 | 8880 | 0.660 |
10 | 28527 | 0.650 |
3 | 9550 | 0.645 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 10750 | 1 |
0.630 | 200 | 1 |
0.645 | 6607 | 4 |
0.660 | 14252 | 2 |
0.670 | 1087 | 1 |
Last trade - 16.16pm 06/06/2024 (20 minute delay) ? |
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