Panjang
NVRO Potential Bounce (Long)
Short term bounce for NVRO
Healthcare sector and Medical device industry had been positively impacted by the pandemic.
A short term bounce can be expected.
Technical Analysis:
- A candle pierced the Lower Bollinger band, meanwhile being rejected by 50EMA
- The pin bar is resting on the 61.8 Fibbonacchi in conjuncture with the price rejection
- Price action have yet to reach overbought zone
- Momentum of relative strength is considered strong
The company is not fundamentally strong. Hence, I have set 2 different take profit zones with a RR of 1:1.3 & 1:1.5
Will be expecting a very short term play
Healthcare sector and Medical device industry had been positively impacted by the pandemic.
A short term bounce can be expected.
Technical Analysis:
- A candle pierced the Lower Bollinger band, meanwhile being rejected by 50EMA
- The pin bar is resting on the 61.8 Fibbonacchi in conjuncture with the price rejection
- Price action have yet to reach overbought zone
- Momentum of relative strength is considered strong
The company is not fundamentally strong. Hence, I have set 2 different take profit zones with a RR of 1:1.3 & 1:1.5
Will be expecting a very short term play
Dagangan ditutup: sasaran tercapai
Target Reach, with solid profitsHo Ho Ho~ Early Christmas Gift!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.