Loop Capital issued a $100 price target for this small battery play. Yesterday it had good volume and managed to get above its 8EMA. We are long as a swing with a stop at $18. Next big resistance level above is $24-26.
#1 Bullish Pattern: Double Bottom
Starting a new series of charts focused on identifying and ranking Bullish patterns with charts as they happen.
I'm a little late to the party on this one. I had hoped to have it up last night before this mornings premarket rally.
#1 Bullish Pattern. The Double Bottom.
Identified by the W the 2 bottoms form.
10-20% drop...
Li-ion battery manufacturer and developer NASDAQ:ENVX looks poised to continue pressing higher in the months ahead after pushing back above the 55-day EMA and the $10 handle
RSI pressing to its highest levels this year suggest that a rather bullish move higher could be at hand. The last time RSI soared like this was during the stock's rise to record highs...
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
Enovix has been steadily building momentum since their SPAC business combination and NASDAQ listing in mid 2021 however, the price action has recently reached a low, in-sync with the downward trend of other growth stocks as news that central banks would be increasing interest rates spreads uncertainty. Enovix's leadership team has laid out clear promises of...
Here's another one that I recently traded. Wasn't able to maximize profits on it but going to use this experience to improve my strategy further
$ENVX is the name of the trade.
The marked area is where I entered the stock, $24.50 back in October 25, 2021, when volatility died down.
Initially, was using the 10 day EMA as my trail profit with a target selling of...
