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Neovasc Inc. T.NVC


Primary Symbol: NVCN

Neovasc Inc is a specialty medical device company. It develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. Its products the Neovasc Reducer (Reducer), for the treatment of refractory angina, which is not currently commercially available in the United States and has been commercially available in Europe since 2015, and the Tiara, for the transcatheter treatment of mitral valve disease, which is under clinical investigation in the United States, Canada, Israel and Europe. The company earns revenue from one source, the Reducer.


NDAQ:NVCN - Post by User

Post by onions7777on Jun 16, 2018 7:02am
282 Views
Post# 28181135

The Technical Signals Are There

The Technical Signals Are There I find it very interesting that it took this long, but the technical signals are finally pointing up. I originally thought this would happen in early May, but it's taken until now for SP to naturally move upward. To be clear, I don't have much faith in this company, it's management, or products, but some investors do and I think I'll ride the upcoming wave. I'll be holding my 100K and watching this like a hawk. I'm basing my decision purely on technical readings. Here's what I've noticed on the Nasdaq: For the past 10 days every price decrease has seen less volume for the day, and every price increase has seen a volume increase for the day. This shows buying support and suggests not too many investors have shares lower than current share price. Even on the down days, the price hasn't dropped down to .03USD. This has been the short term average for weeks now, and a break through would have been devistating. The SP has held above and increased slightly for the last 3 days. Long term average is .04USD. If the price breaks this naturally, it will Take off. This is where I hope Fred and the team realize positive PR around this time is crutial for success. Let's hope the board is as smart as everyone thinks they are. MACD and RSI are showing reversal signs and have been since Wednesday. RSI14 is at 37. Shorts are only 1.06%. Many positives, and not just BS news releases. Technicals don't lie. I'm only holding on NASDAQ which gives me the opportunity to trade after hours and pre market. Anyone who follows this company knows PR is usually released after hours, which always affects the price. You can bail if you're trading on the NASDAQ and things go sour. Anyone that was holding on the TSX in March can relate to this. Bad news released, SP dropped like a rock. Holding on NASDAQ I was able to sell before the gap down. Good luck :)
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