UnknownUnicorn2357744

Downtrending stock but has potential w/talks about a buyout.

Short
NASDAQ:NVCN   None
NASDAQ:NVCN is an overall downtrending stock when looking at the daily chart. Although, there is still potential to make some nice profits as you can see in the last couple of trading sessions, especially last Friday having gained just over 50% before closing the day just under. So far we have seen very high volume with the bulls in control. Could this be the "bottom" of the overall downtrend? Possibly, this coming week should give us some better direction on our next trade decisions. With buyout talks, that may help fuel a reversal. At the very least, I believe it should be able to close that gap this week, possibly even Monday (4/9). Next resistance appears to be around $0.10 and with a breakout could bring the stock price to $0.12+
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.