Taking a look at NAOV trading activity on Friday shows post-market action took the stock back up toward the 236 fib line from a retracement using 2019's highs of around 4.50. NAOV hit 3.61 around 6PM ET then got slammed lower, back down below the 382 fib line by the final bell. since that sits right around $3 that could be an important level to monitor if you're looking at NAOV heading into the week. This Fib level was also a previous area of resistance in Late 2019 and early 2021.
Something else to keep in mind is the upcoming proxy vote where the company will look to increase its authorized share count to 40 million. Either way, after such a huge parabolic move, it's going to be important to watch premarket action to see if NAOV can hold these levels at the start of the week.
Something else to keep in mind is the upcoming proxy vote where the company will look to increase its authorized share count to 40 million. Either way, after such a huge parabolic move, it's going to be important to watch premarket action to see if NAOV can hold these levels at the start of the week.