NOVA possible inverse head and shoulders

30 Nov 2023

Anybody else buy NOVA? Bought at orange neck line. Grey target line. Black line is all time low. RSI line is broken to the upside as well. Who knows what will happen... Could have resistance at 12.60usd. Stoploss I have at neckline.

1 Des 2023

Catatan

so far so good, will be happy when the price breaks 12.22 and keeps above this level

1 Des 2023

Catatan

Price is exactly at 12.60 after hours. Will the rectangle on the left produce a mirror image on the right?

4 Des 2023

Catatan

Tread very carefully if you have not bought at the break of the neckline! Price can always reverse.

8 Des 2023

Catatan

i'm stopped out of this one as price broke the neckline to the downside.

14 Des 2023

Catatan

Been to busy lately to post an update. After i was stopped out i redrew the support and resistance lines on the RSI as well as the red lines on the graph. Friday 8th dec i saw that the price touched and the newly drawn support line in the RSI as well as the middle red line on the graph. Too bad i only saw it when it had bounced back to 10.30usd allready but got back in and scalped it on monday at 10.90usd. Yesterday got back in again at 10.30usd. Lets see if it can break the low price action on dec 5th of 10.90usd. Again, tread carefully as I had mentioned before on dec 4th.

14 Des 2023

Catatan

The general idea is still the same by the way. Lets see if the rectangle from the left can mirror image on the right, or at break it to the upside ofcourse. Maybe the sudden volatile drop was to shake out positions like mine when I bought at the neckline.