NVLS - Fallen angel pattern Long from current level to $3

NVLS forming a fallen angel pattern. It the daily frame still its not mature but in hourly frame it seems ready for entry. In hourly frame it has nice upward momentum & crossed above EMA line. We are looking for a long from current level to $3 area.

Trade Criteria
Entry Target Criteria- current price
Exit Target Criteria- $3
Stop Loss Criteria- TBC
Special Note- Set in hourly frame, possible day trade.

You can check our detailed analysis on NVLS in the trading room/ Executive summary link here-
www.screencast.com/t/3e0ZTENUQwBd
Time Span- 55:30"
Trade Status: Pending

Trade active:

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Relevant Updates:
January 4th- Went up huge 8.84% today, making a total profit of 10% so far. Updating stoploss to $2.23

December 30th- Went up 6.67% today & traded to updated opening price. Looking very good as long.

December 27th- Showing some upward momentum, but yet to hit entry price.

December 19th - Looking very close!! Entry Criteria now 2.33 based on lower MA and high of candle on Dec 13th. Target @ 2.88

December 14th- Further decline to the down side, not looking good as long.

December 8th- Seems broken to the down side, did not hit entry yet.