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$NOVN swing-trade

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*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*

My team has been paying close attention to the price action of biotech company NOVN these past few days after it experienced an 80 percent increase last Friday. Despite its amazing performance NOVN failed to break strong resistance at $20 per share and experienced a drastic drop down to $10.76. NOVN now rests at support at $11 per share.

My team expects NOVN to perform well short-term due to this overly excessive sell-off.

We have entered today at $11 per share and have set our first take profit at $15 indicating a 36 percent increase from current levels.

Entry: $11
First take profit: $15
2nd take profit: $18
Stop loss: $10

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Not
On 6/23/2021 stock price fell to $9.98 but then went back up to $10.20. We normally take stop losses very seriously here SimplyShowMeTheMoney, but we're holding the trade due to this occurrence. If price falls below $10.00 again then our system will automatically force us out of the trade.
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