$NOVA - RC -
Added 2023-10-07 15:32:14 +0000 UTCI said I was signing off for the week but I am catching up on a few requested charts.....
So here is $NOVA.
This long Red Corrective Wave C has been in place since September 2021.
We can see that it lost the crucial support line at $12.50, which was holding support for nearly 2 years and once it was lost, it dropped quite aggressively.
$NOVA appears to be on track to test its Covid Low level at $6.30.....support needs to be found here, below this level and there is very little support.
Best scenario is holding support here and moving sideways before going higher again on positive news and developments.
