STOCK INFO:
Nanovibronix first caught my attention because it was held in about 13 different hedge fund portfolios. On my first idea post I stated that they had been approved for their Eruoshield and Painshield.
On Aug 5th they had finished their application to receive Reimbursement codes from the CMS (Centers For Medical and Medicaid). This code to my understanding will allow NAOV to receive payment for any services that are done using these new products. The majority of stock websites that I follow say that this stock should preform well in the short term and I think they are right considering the gain we have seen today.
"Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NanoVibronix, Inc stock to perform well in the short-term."
UroShield™ is an ultrasound-based product that is designed to prevent bacterial colonization and biofilm on indwelling urinary catheters and increase antibiotic efficacy, ultimately reducing the incidence of catheter-associated urinary tract infections (CAUTI). UroShield is also intended to decrease pain and discomfort associated with urinary catheter use.
PainShield Plus, like the original PainShield, utilizes ultrasound therapy for the treatment of pain and various soft tissue injuries either directly over joints or orthopedic hardware and without the need for messy ultrasound gels. The device is an effective solution for avoiding opioid treatments and equips patients to receive therapy independently in the comfort and safety of their own homes ( If another lockdown were to happen I think this could be an asset to many patients)
CHART ANALYSIS:
Today had a high of about 2.75-2.80 and now we are holding at about 2.40. in order for me to hit my target we have to break past resistance lvls 2.50, 2.64, 2.72. Once this happens any of those could be future supports to push us to 3.75. Other then the current resistance I have talked about I don't really see anything stopping it from hitting my target which I think is very doable with all the good news and momentum we gained from today. Todays low and high does show some volatility. If this would drop a little I would only add at supports lvls. Its not over bought or oversold yet but I think it will go down a little before it goes back up.
Again, I'm nowhere near experienced or a financial advisor, do your own research and make your own decision on weather this is a good play or not.
GOOD LUCK TO EVERYONE!!
Nanovibronix first caught my attention because it was held in about 13 different hedge fund portfolios. On my first idea post I stated that they had been approved for their Eruoshield and Painshield.
On Aug 5th they had finished their application to receive Reimbursement codes from the CMS (Centers For Medical and Medicaid). This code to my understanding will allow NAOV to receive payment for any services that are done using these new products. The majority of stock websites that I follow say that this stock should preform well in the short term and I think they are right considering the gain we have seen today.
"Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NanoVibronix, Inc stock to perform well in the short-term."
UroShield™ is an ultrasound-based product that is designed to prevent bacterial colonization and biofilm on indwelling urinary catheters and increase antibiotic efficacy, ultimately reducing the incidence of catheter-associated urinary tract infections (CAUTI). UroShield is also intended to decrease pain and discomfort associated with urinary catheter use.
PainShield Plus, like the original PainShield, utilizes ultrasound therapy for the treatment of pain and various soft tissue injuries either directly over joints or orthopedic hardware and without the need for messy ultrasound gels. The device is an effective solution for avoiding opioid treatments and equips patients to receive therapy independently in the comfort and safety of their own homes ( If another lockdown were to happen I think this could be an asset to many patients)
CHART ANALYSIS:
Today had a high of about 2.75-2.80 and now we are holding at about 2.40. in order for me to hit my target we have to break past resistance lvls 2.50, 2.64, 2.72. Once this happens any of those could be future supports to push us to 3.75. Other then the current resistance I have talked about I don't really see anything stopping it from hitting my target which I think is very doable with all the good news and momentum we gained from today. Todays low and high does show some volatility. If this would drop a little I would only add at supports lvls. Its not over bought or oversold yet but I think it will go down a little before it goes back up.
Again, I'm nowhere near experienced or a financial advisor, do your own research and make your own decision on weather this is a good play or not.
GOOD LUCK TO EVERYONE!!