NASDAQ:ENVX
Narrowing since December 21. Pops every 8-9 months or so. Lot's of demand under $10. 20 strike calls coming in of late.
www.tradingview.com
This is my next trade im looking to get into. Price has tested this level and everytime we get a nice action. On the higher time frames you can see the nice retest of the order block and a possible "W" formation for the win. MACD signaling buy and RSI coming out of the dirt is giving nice confluence I have a 30$ price target
Please boost if you support...
09/20 - NASDAQ:ENVX announced the acquisition of privately-held Routejade, an established Korean battery manufacturer for a total consideration of approximately 6.2 million shares of Enovix common stock and $16.5 million in cash assuming purchase of 100% of Routejade. The acquisition provides Enovix with vertical integration of electrode coating and battery pack...
According to our observations a very large neutral position with exp date September, 15.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination...
Earnings today (26.07), so this is a risky trade.
Ennovix has a large short interest (~25%) and is very volatile (weekly volatility is 6%). Stock is
If this goes under $18.50 then get out.
There is a small gap at $20.40, so this can be the 1st PT for 1:1 RR.
A little longer PT is $26.
Divergence on:
SMI
Willimas %R
RSI flat
MACD not perfect.
Analyzing the options chain and the chart patterns of ENVX Enovix Corporation prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Recent demand overwhelming supply = Strong hands accumulation ... Now morphing into an IH&S base with measured target $50 on trigger ...
Analyst forcasts via TipRanks: Based on 8 Wall Street analysts offering 12 month price targets for Enovix in the last 3 months. The average price target is $41.00 with a high forecast of $100.00 and a low forecast of $18.00. The...
* Meant to put this on the ENOVIX thread*
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
" Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB...
Enovix has been on a tear lately on the Army PO announcement and it's broken through multiple resistance points. When will it stop going up? Stay tuned to find out. PS I am not a trader, I just look at charts for fun.
The recent spike in ENVX stock followed a purchase order from the U.S. Army.
The latest purchase order is a positive step for Enovix as the company moves its U.S. Army program closer to full-volume production. The company is setting up the infrastructure for high-volume manufacturing and scaling its production. The company expects to produce 180,000 cells in...
If ENVX advances, it will enter a fast moving area as shown on the one year chart between downtrend lines. Previous trend gaps and fast moving prices areas are shown in the rectangles. Will likely need a catalyst.
Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from...
On the chart we can see that the price of ENVX is approaching the horizontal resistance. The move seems to be overextended. Therefore, it is reasonable to expect a pullback before continuing higher.
Moreover the RSI indicator is showing that the asset is currently overbought.
The entry, the target and the stop loss are showed on the chart.
Good luck !
Here are some reasons I'm bullish on NASDAQ:ENVX (DYOR NFA):
- Compelling use case and easily comprehensible product: ENVX offers an innovative, high-performance battery solution designed to power future devices more efficiently, safer, and for longer durations.
- Experienced and accomplished team: ENVX benefits from a team of Silicon Valley veterans who...
www.forbes.com
I am too tired to write now but I bought this stock as an investment. Great team behind it and further ahead than other new-age battery stocks in my onpinion
After reaching its quarterly production milestone earlier than expected, Enovix Corporation (NASDAQ: ENVX) ran 10%. Additionally, ENVX took another step toward mass-producing its batteries as it chose a site and hired a leadership team in Malaysia for its Fab-2 line. Meanwhile, ENVX stock is gaining investors’ interest lately following a short report that...
