itsaarond
Short

Downtrending stock but has potential w/talks about a buyout.

NASDAQ:NVCN   NEOVASC INC. - COMMON SHARES
NASDAQ:NVCN             is an overall downtrending stock when looking at the daily chart . Although, there is still potential to make some nice profits as you can see in the last couple of trading sessions, especially last Friday having gained just over 50% before closing the day just under. So far we have seen very high volume with the bulls in control. Could this be the "bottom" of the overall downtrend? Possibly, this coming week should give us some better direction on our next trade decisions. With buyout talks, that may help fuel a reversal. At the very least, I believe it should be able to close that gap this week, possibly even Monday (4/9). Next resistance appears to be around $0.10 and with a breakout could bring the stock price to $0.12+
Can you update your analysis if this trade is still active?
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