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
Trade fermée: cible de profit atteinte
Target Reach, with solid profitsHo Ho Ho~ Early Christmas Gift!
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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.
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.