NVX, page-120

Don’t listen to that Shachin bloke Harken.he has no shares in it and probably hoping to buy at lower prices.

The company is working on the completion of the battery plant and being operational by June 2018.

An update from the company confirming what has been completed at the plant in Tennessee and that they are still on target for the 1000tpa June target would be nice to see though.

Announcements highlighting new contracts with customers for the Puregraphite will turn the tide, let alone an update on the plans and development on the 100,000tpa Puregraphite plant.

Stock Brokers like Morgan’s Stockbrokers below are quoting a $1.00 share price target to their own clients. At the current price, this stock is exceptional value with signficant capital gains to come and backed up a Management Team and Board of Directors that are truly World Class.

G

https://www.morgans.com.au/Blog/2018/February/Technical-update-20-February-2018

Novonix (NVX) - buy

NVX has been trading in a down trend since October 2017 which is still technically intact. The current down swing has retraced to its key support of $0.70 where initial buying interest is likely to arise. The RSI and the MACD indicators have posted bullish divergences on the daily chart, suggesting that the price is likely to bounce in the short term. Given the proximity to key support and the oversold and diverging momentum conditions we are comfortable to start accumulating the stock around current price levels.

The potential upside price target is $1.00.