The stock has risen nicely since the news on 12 DEC 2020, that Novan Inc is working on an intranasal vaccine for Covid-19. That grabbed my attention since I am not looking forward to that inch and a half needle being jabbed into my arm. As you can see a beautiful pennant started forming at the end of a cup and handle pattern so I jumped in at 1.02 per share.
Today showed a nice jump up above that pennant. Since I am in this for the long term I plan on grabbing more shares when the stock price rests.
Will it close above the resistance at 1.34? Will it fill the gap from 2 JAN 2020? All good questions. What are your thoughts?
Today showed a nice jump up above that pennant. Since I am in this for the long term I plan on grabbing more shares when the stock price rests.
Will it close above the resistance at 1.34? Will it fill the gap from 2 JAN 2020? All good questions. What are your thoughts?
Comment:
Finished the cup & handle pattern. Next resistance is at 1.75
Trade active:
Another pennant pattern has formed.