NOVONIX LIMITED

NVX @ 26 OCT 2021

251
Text me if you have any questions/comments for me.

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NVX
- Previous analysis was done on 4 Oct - Suggested waiting for the next rebound wave
- Since then, the stock has tested the mid-term support and successfully rebounded above 6.60 levels
- Potential psychological resistance at $7 levels -> a test and retracement would form a double top formation
- Stock doesn’t respond to the short-term average
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave

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