MustafaOzak23

Quick Scalp on NVX

ASX:NVX   NOVONIX LIMITED
On the daily it was a massive bearish candle with a bearish volume as well. So I thought ill go shot with this one, it also had a massive bull run for the past 5 days, so a pull back was due.

1 min: it did gap down and open at $3.10, waited for a pull back and got in at $3.10 with 1000 shares. Just only made about 5 ticks because I saw on the depth it was about to squeeze me out, so I
got out quickly and lucky I did.

Not my favorited trade but it will do.

Spark: On spark I saw it was going to gap down a lot so I have to be careful if it recovered. At 10.07am that’s when I got in, when I saw there was more sellers than buyers were thinning out
that’s when I got in.

Once I saw that $3 did not break and there were buyers jumping in front of it, I knew it was not going to break, that why I got out at $3.07 10.10am and the spread was so bad.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.