$NOVN is in a bull flag and on the verge of a breakout. The way to trade is to go long $NOVN above $3. A move above $3 will test the 52-week highs of $3.24.
A move above $3.24 and we will look to close the gap to $4.19.
Risk is minimal as a move above $3 should work out right away. If $NOVN closes the gap, upside is 40%.
Not a bad risk/reward play is it?
As always, use protective stops and trade with caution.
Good luck to all!
A move above $3.24 and we will look to close the gap to $4.19.
Risk is minimal as a move above $3 should work out right away. If $NOVN closes the gap, upside is 40%.
Not a bad risk/reward play is it?
As always, use protective stops and trade with caution.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/