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NOVN PENNANT SUCCESS

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The stock has risen nicely since the news on 12 DEC 2020, that Novan Inc is working on an intranasal vaccine for Covid-19. That grabbed my attention since I am not looking forward to that inch and a half needle being jabbed into my arm. As you can see a beautiful pennant started forming at the end of a cup and handle pattern so I jumped in at 1.02 per share.

Today showed a nice jump up above that pennant. Since I am in this for the long term I plan on grabbing more shares when the stock price rests.

Will it close above the resistance at 1.34? Will it fill the gap from 2 JAN 2020? All good questions. What are your thoughts?
Not
Finished the cup & handle pattern. Next resistance is at 1.75
İşlem aktif
Another pennant pattern has formed.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.