NOVA Wellness Re-accumulation or Distribution?
Previous high volume indicate BUYING CLIMAX is finally achieved..
Automatic Rally and Secondary test barely close above previous high indicate buyers are exhausted to break higher.
This stock will be trade in sideways until they decide either to break higher or bring it lower..
In this condition, we suggest placing a buy position below 50% of the trading range with almost 20% profit within the range.
Automatic Rally and Secondary test barely close above previous high indicate buyers are exhausted to break higher.
This stock will be trade in sideways until they decide either to break higher or bring it lower..
In this condition, we suggest placing a buy position below 50% of the trading range with almost 20% profit within the range.
Trade closed: stop reached