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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?
הערה
Finished the cup & handle pattern. Next resistance is at 1.75
עסקה פעילה
Another pennant pattern has formed.

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