Trader_Johnni
Long

NVX Bulls Hunting +100%

ASX:NVX   NOVONIX LIMITED
Novonix Limited (ASX: NVX ) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries.

Bulls Hunting +100%

Huge Fractal Bullish Pennant
+ Targets 1.925 & 2.800 From point of break

Fib Extension Targets
- (-0.272 & -0.618) looking achievable and lining up to Fractal Target Regions

Market Structure forming within Pennant
- Higher Low and Lower High indicating squeeze

Fib Retracement
- Huge bounce off the .5 Golden Pocket Level

MACD
- Indecisive oscillation indicating squeeze

CCI
- Still trending up and no signs of Divergence on the Daily

Bollinger Band
- We have been riding the 20 MA since April 24th

Daily Resistance
- 3 Touches on Daily Resistance, "4th Touch" incoming?

Depending on your "Risk Management" & "Entry/Exit Strat" there are 2 entries. Point of Break/ Bottom trend of the Pennant .

These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!

Comments

Very nice!
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On track with slow and steady growth. Excited to see what comes from the Tesla Battery Day 23rd September
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Gonna be watching this one closely!
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