NVX is not 'special'. Open up the chart of every single pump & dump stock of 2020-2021 and you'll see exactly the same pattern, sort of like head and shoulders. Examples: NVX, VUL, LKE, ZIP, BRN, etcetc. Same for international stocks, e.g: AMC, GME, ARKK. Heck, even Tesla and some of the other cash generating meme stocks went along with the bubble. Bare in mind, nothing significant happened during this period as far as the fundamentals of these companies is concerned. It was all just a massive market distortion created by unprecedented fiscal and monetary bubble. Now that the balance sheet is shrinking, the interest rates are rising and helicopter money is out of the equation, the reality is returning... at least one can hope that we return to free markets and aren't going to rely on the government and central bank intervention.
That being said, plenty of more downside ahead as long as we let the market function freely.
NVX is not 'special'. Open up the chart of every single pump &...
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Last
78.0¢ |
Change
-0.010(1.27%) |
Mkt cap ! $385.1M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 80.5¢ | 77.5¢ | $922.5K | 1.172M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16461 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 2992 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NVX (ASX) Chart |