Avirany

NVTA 04-01-2021 Long

Long
NYSE:NVTA   INVITAE CORP
208 views
2
Asset and Time frame -NVTA,4H
Entry Price -43.17
Exit(Stop Loss) -39.52(for those who want a safer stop I would recommend 37.77{this will give you RRR3})
Exit(Take Profit) -59.10

Technical Analysis - Price action is moving inside a bullish tunnel, the stock has just finished the final Elliott wave on the daily chart , and now price is looking for good support to restart a new bullish move back up,price also retraced from the -61.8 Fibonacci level on the 4H chart, now we just need a good bullish confirmation candle to enter the trade safely.

I would like to hear your opinions and what can I do to improve, many thanks
Trade closed: target reached

Comments

Nice analysis and layout, good luck for this one
+1 Reply
Avirany TheSignalyst
@TheSignalyst, Thank you
Reply
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