$NOVN Novan Inc Flagging, Buy Above $3

2019년 6월 27일

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!