NanoViricides Inc. (NNVC)

[DaysOnTheBeach]

Next test is 4.77, the intraday high from June 24th. If we get above that we start printing fresh six month intraday highs again!

Really important that yesterday we blew through and closed above the 200 day MA at 4.31. We're now handily above all important intermediate-term MAs, so the TA now focuses mainly on past highs and psychological levels like say $5. If we get above 4.77, then $5 beckons.

The only other TA feature I see is a declining resistance line drawn through the spike peaks of 7.59 from Sept 25th and 6.65 from Jan 17th. That declining line crosses now just above the $5 area, and in a matter of days will cross below $5. That's two reasons for prices to test the $5 area near term, so I think it's likely to happen here.

So, that declining line around $5 is the top of the long-term triangle, and will be a very important test upcoming. A confirmed move above that line, if we get it, signals the start of a fresh intermediate bull phase for NNVC stock! If we don't get above it, we fall back and regroup.


Best to all.