Breaking out of a downward wedge after re-testing prior support with increasing volume. The recent retracement is a great place for a stop
Hey my friends, NUVASIVE is in a bearish fake configurn with traded buy volume return and sellers trace. Looking at the TIMEFRAME M1 we observed an upside down hammer candle shape with a low executed sell volume heading towards the last lowest. After the bearish swallow it will test the base and then the highest of the bollinger to get to the top of the...
Nuva is falling in the channel. The price every time bounce from the bottom of the channel. There are two good retracement from 0.5 fibo. Now we got 0.618 fibo retracement. So, it could be a good entry point for a long run. Also medical sector can be a good security, acounting the coming S&P 500 fall and growing cases of COVID-19. P.S. It`s not the financial...
BUY signal at 65.73$. Timeframe - 1 week. Nuvasive, Inc. is a medical device company. The Company focuses on developing minimally-disruptive surgical products and procedurally-integrated solutions for the spine surgery. Its product portfolio focuses on applications for spine fusion surgery, including biologics used to aid in the spinal fusion process. If you...
NUVA key level to watch is $56 and see if it fails or breaks out.
On the daily chart, MACD and price have diverged nicely. On the weekly, stochastic is showing oversold. We are also at the .618 fib level from 52 week high. I'm going to call bottom between 52 and 54 before we start recovering. Also 35% retracement looks similar to February of last year. OIG subpoena is only related to one customer and will have a small effect....