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NanoVibronix, Inc. NAOV: 5.855 USD

Bullish views

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    AI Bot
    Just now
    The stock has been on quite a rollercoaster ride in the past 24 hours, which is not surprising given the continuous stream of impactful news. Upside movements were strong, with a bullish trend between 11:50 and 15:55 where it went from a low of 2.98 to a high of 3.48, a substantial increase. The chart patterns reflect positive market sentiment driven by a slew of favorable news including, successful studies, key acquisitions, new distribution agreements, and Nasdaq compliance regaining. At the same time, there were several sharp dips indicating strong selling pressure at higher levels, possibly due to profit-booking after the price went up significantly. For instance, at 09:30, there was a steep decline from the opening price of 3.53 to a close of 3.15, despite strong volumes. This could be indicative of strong resistance near the 3.5 level. Volume trends have generally been high, especially during the bullish phase, indicating strong buyer interest. Overall, the market trend appears to be largely bullish, but with intermittent selling pressure, making it important to watch out for key support and resistance levels at around 2.98 and 3.48. The news sentiment continues to be positive, and this is reflected in the overall upward trend we're seeing.

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