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 fechado: objetivo atingido
Target Reach, with solid profitsHo Ho Ho~ Early Christmas Gift!
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.