A Couple things to note is Enovix has been on a steady rise and has had bullish catalyst released. It's on the hook to hit the next leg. Lame pun for the Hook showing on the chart pattern
"The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery.
Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs." - MarketBeat
This launched the stock price to $19 ON JULY 6TH.
It helps that spy has been pumping making new highs. I feel it will rise in the next few weeks with spy being on an extreme bull run and ENVX following a similar pattern.
ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish.
Expect it to touch at least $25 but theres a lot of turbulance up there as thats where it's been consolidating in the past. General consensus PT is $38. Others have placed as high as $100.
has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ.
Trade Responsible,
#TradeTheWave
"The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery.
Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs." - MarketBeat
This launched the stock price to $19 ON JULY 6TH.
It helps that spy has been pumping making new highs. I feel it will rise in the next few weeks with spy being on an extreme bull run and ENVX following a similar pattern.
ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish.
Expect it to touch at least $25 but theres a lot of turbulance up there as thats where it's been consolidating in the past. General consensus PT is $38. Others have placed as high as $100.
has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ.
Trade Responsible,
#TradeTheWave