Back in June 20, NVTA jumped up rather spectacularly and since late Jan 21, bears are beating it down. 24.90 was a critical point but we crashed it down and due to Jun 20 pump up, we are right now in the vacuum between a solid support of 15 and 25. 20 was a resistance in the past, we don`t know whether it will work as a support but my main point is that this gap between 15-25 needs to be filled.
There will be a consolidation period and I hope it will be over 20. Considering more and more people bet against Cathie Wood which is heavily behind NVTA, I will treat this with caution.
I would like to see 20 work as a support at least once to start opening position or starting averaging down.
Long term, yes but in the next couple of weeks, we might see a bit more downward pressure