Potiential for one more move down then it could start climbing to $36+ Wave 1 = 61% fib = $15.62 Wave 2 completed = $9.04 Wave 3 = 161.8 fib = $36 Wave 4 target = 100% fib = $21 Wave 5 = 200% fib = $51 - this is where I will take my profits Remember, if price actions breaks $9.04 it will invalidate the theory.
After a long period of consolidating envx on the weekly has broken out of a major downward trend line at around the $12.50 level. It is currently forming an ascending triangle on the lower time frame charts. Along with the technicals the fundamental side of this company looks pretty good. I do expect more upside moving forward. Major support can be found around...
Nice structure @ AVWAP resistance. A break above 16 then we might see it revisit 26-27 area. Break below 14.00 anytime soon then pass
Go through the analysis and make sure that you don't jump into this trade. I will be posting multiple trades here . MARK THE DATE-13th June,2023 ENVX-$17.50 is coming.
ENVX is bullish. Watch the analysis and always trade with STOPS on. If you have any questions fell free to ask me.
This needs to be traded with SL. Do not trade it blindly. Always manage your risk.
Enovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices, to the vehicle you drive, needs a better battery. Enovix's disruptive architecture (protected by various patents) enables a battery with high energy density and capacity without compromising safety.
for personal use only Enovix has designed a high-energy, high-capacity battery to power the technologies of the future. youtu.be
Roadmap of ENVX possibilities. Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend, usually resulting in reactions.
Much sooner than anticipated. TA & math works Initial post Calculations: -Neckline = $12. -Implied PT to complete the structure: 15.48(03/31 high) - 12.00(neckline) = 3.48(height of the cup) -12.00(neckline)-3.48(cup height) = $8.52 which is in line with a .236 retracement (8.62). -Being more conservative and using the 03/31 closing price (14.91) instead of...
While there are a handful of companies that produce silicon-based lithium batteries, Enovix Corporation (NASDAQ: ENVX) is considered to be one of the more promising companies in this space due to its plans for mass production and the quality of its batteries. As a battery producer that uses silicon instead of carbon graphite to construct its batteries, ENVX has an...
I have not entered yet but will be looking to do so. There is a clear inverse cup & handle forming on the daily. The indicators are rolling over. Calculations: -Neckline = $12. -Implied PT to complete the structure: 15.48(03/31 high) - 12.00(neckline) = 3.48(height of the cup) -12.00(neckline)-3.48(cup height) = $8.52 which is in line with a .236...
1) Find a FIBO Slingshot 2) Check FIBO 61.80% level 3) Entry Point > 73/61.80%
for personal use only it's time to find the level to accumulate ENVX shares ... and levels to trade it along with the crowds
$ENVX Here’s a stock that has a good chance of being a 5 to 10 bagger down the road. New battery technology. Notice it held its earnings breakout. I took a chance on this today as it dropped to the 20 EMA. I’ll place my stop on CLOSE below the same EMA. Conversely, I’ll be looking to add on additional strength. All TBD. Good news is most everyone in this trade, by...
Indices weak, but there are many strong leader and sectors out there bucking the trend. Lithium broke out yesterday, and I took a long position in ENVX as the stock broke out from a flag pattern (entry green dotted line, stop loss red dotted line). Focusing on the leaders
Contrary to the report by loop capital... I foresee the beginning of a long-term bearish trend based solely on TA. To be clear, I don't disagree with the analysis of loop capital , I just think that TA is more honest and it suggests that we are likely to test the bull band and perhaps drop below it. That being said, I plan to swing trade the shares, sell CC and...
I don't know anything about this corporation, except that one of the services I follow on Twitter was promoting it yesterday saying ENVX is "one of our favorite stocks" and "it's on the move" because something something dealer gamma something something indicators. Of course, this was yesterday right as it was sitting below making a new high and has since...