NVCN the Theranos story continues.NVCN the Theranos story continues. Many of you may remember one of Nasdaq's infamous medical scandals. Theranos founder Elizabeth Holmes claimed that a drop of blood could be analysed more accurately than the most sophisticated laboratory tests of the time using a new kind of analytical system. This claim quickly became a Wall Street success story. Investor money was coming in for the Theranos project. The story began in 2003. For many years it was leading news in medical journals. There are many parallels to be seen in the operation of NVCN (Neovasc Inc.), founded by Fred Cohlen. In both companies, shareholders' money was constantly being burned. NVCN's shares have undergone a 1000-fold reverse split in three years. Meanwhile, there has been a nearly 36-fold share dilution. NVCN's enterprise value has plummeted 37.4 times. On average, the company receives NASDAQ compliance notices every 6 months. These are all familiar to the company that listed the Theranos project led by Elizabeth Holmes. The US Food and Drug Administration (FDA) is highly sceptical of the medical methods used by NVCN. Anyone who invested in NVCN stock in June 2018, at an all-time low, has since lost nearly 98% of their share value. My assumption is that the two medical companies have had similar "developmental stages", so it is reasonable to assume that NVCN's imminent demise could have similar legal consequences.
NVCN
NVCN news (up 137%).NVCN news (up 137%). Following a ~ 54.7% rise today, Neovasc (NASDAQ: NVCN) is continuing the momentum into after-hours trading with a gain of ~ 45.9% on the news of a patent win in Europe.
The company has received a decision to grant European patent number EP3400907 titled "sequentially deployed transcatheter mitral valve prosthesis." source: Seeking alpha Significant news in the life of this company. The analysis shows that the price movement of NVCN deviated from the usual "pump and dump" movement and started to accumulate (red square) This assumes that a further increase is expected. It can also be seen that a fractal construction can take place. This phenomenon is important for setting a target price. If the assumption is correct, price movements could rise by an additional 137% from this level. Target price 7.15usd
NVCN before the 300% increase.NVCN before the 300% increase. I recommend this primarily to those who have missed the movement of TMBR. It is still possible to enter the NVCN. NVCN's trading does not meet NASDAQ requirements. Therefore, the NASDAQ called for an increase in volume. I assume we'll be able to see that in days. I also assume that we can expect impulse wave motion of the pump and dump type. Therefore, make your trading time shorter. Technically, NVCN is building a second smaller fractal. He has not yet begun the ascending phase. Its size can be 300%, target price is 2.5692usd
NVCN before rising 126%.NVCN before rising 126%. The exchange rate moves in an accumulation band. It is coming back from the "spike area" of this band and has begun another rise. He is currently moving in Accumulation Area 2. Its upper level is 4usd. Therefore, in the not too distant future, this level may reach the exchange rate. From this level, you can prepare for the next accumulation area 3. The target price is $ 6.8.
NVCN before a further 82% rise.NVCN before a further 82% rise. The fractal movements in the exchange rate (if we remove the false spike) show a regular accumulation structure. This can be good news for shareholders. It can also be seen that double accumulation amplitudes occur, the exchange rate moving into this higher and wider band. This regularity can be observed in other "penny stocks" as well. In case we thought correctly, the exchange started to build up the third accumulation band. Therefore, we can expect a bigger movement in the coming period. In the third accumulation band, volatility increases and the exchange rate moves higher. The target price rise for the exchange rate is 6.8 usd
NVCN exchange rate before further 330% rise.
NVCN exchange rate before further 330% rise. Continuing with my previous analysis (which was the first to signal the current exchange rate outbreak) I expect further upside. It is based on a fractal rise rule on the left. It can be seen that the exchange has built two 96% declining wave structures over a one-month time frame. The two 96% declining wave structures were interrupted by an ascending 700% correction. Which means we are still in this 700% uptrend. As a result, the current rise target price could be US $ 22.77. The figure also shows that the current correction level is 5.41usd. This level is the fair value of the current stock. Therefore, I expect a more steep rise to this north from this level.
NVCN before 82% rise... The analysis shows that the accumulation fractal area (red square) is currently twice the previous accumulation area. Therefore, I assume that the fractal that is built in response to this will also be doubled by the preceding ascending fractal sequence. This suggests that the rising wave target currently being built is priced at $ 5.95.
NVCN accumulation motion... On Friday, a 13% drop scared investors. This is understandable. But if we look at the technical analysis, at a stage of accumulation this fall is still normal. The illustration shows two fractals. They are characterized by the fact that both fractal structures are formed in one accumulation phase. Therefore, I have reason to believe that a second fractal may result in a north turn. The analysis also shows that the second accumulative fractal amplitude (AFA) is twice that of the previous one. Therefore, it can logically follow that the size of the north-facing exchange rate could be doubled. Continuing this line of thought, I assume that the exchange rate target price may be 6.28 usd.
NVCN exchange rate before rising 61%... The exchange rate is likely to copy the first fractal in the analysis. In this case, the target price increase for the exchange rate may be 5.58usd.
NVCN before 76% gain... The exchange builds on an earlier fractal. This can be identified from the ATR distances near the fractals. And from the rise responses to these. The target price of exchange rate rise is 5.68 usd. I look forward to the current rise in wave structure. I do not assume impulse gain.
NVCN 200% Pulse Rise.... I do not change the previous exchange rate analysis. However, due to the reversed share allocation introduced today, the levels have changed. That is why I am changing this now. The next target price is 14 usd. The rate moves on the basis of Fibonacci impulse fractal regularity.
NVCN and TESLA code ?.... In my previous analysis I indicated where I expect the NVCN to rise. I keep this target price. Now I'm looking for the answer to how long it can go down. Introduce two more concepts, one is the Tesla code and the other the exit ATR levels. The Tesla code is Nicholas Tesla's theory. One of the most important mathematical formulas for the random distribution of magnetic flux, which can be used primarily for the random distribution of impulse movements. The NVCN is an excellent example of this. This theory is closer to the descriptive theories of the world university than to the theories of stock market movement itself, but the Fibonacci series belongs to the former theory, yet it is one of the most popular stock exchange theories. Another concept is the outgoing ATR level. This is a stock market theory. Exit ATR is the theory where the number of long positions will be higher than the number of short positions. The white line of the current analysis shows these levels. If I combine these two theories, we can say that we can expect the next number of Tesla code for the triple number. Vagiy is at the end of the decline. The NVCN exchange rate is unlikely to be below 0.4620.
NVCN Fibonacci Pulse Fractal. Before 200% rise. The exchange rate moves in a pulse wave system. It can be observed that the size of the next pulses follows the rules of the Fibonacci series. I add that some form of fibonacci is often used in stock market movements. Therefore, we can rely on it in the present case. If we do this and our theory is correct, we will see another 200% increase within 2-3 weeks. Target price is 1.4 usd level.
NVCN before 88% increase... In my previous NVCN analysis I indicated the increase of the pulse. This has arrived now. The current analysis predicts an additional rise. Why? The exchange rates impulse fractal movement. The pulse fractal (due to the fractal property) is a rise in the FIBO sequence. 1-2-3-5-etc. Currently 1X-2X fractal is ready. Now we are waiting for the 3X fractal. The other is that the exchange rate is closed above the ATR axis, which is also the connecting axis of past peaks. I'm waiting for a test and a further rise. The exchange rate target price is 1.4437 usd.
NVCN 56% fractal pulse... In the movement of the exchange rate, a 56% fractal impulse rise can be assumed. Target price 0,8261usd.
An additional 75% increase in NVCN... The chart shows that the exchange rate can be made for a repeated impulse movement. The white thick line or its extension is the ATR axis of the exchange rate. I assume that an additional movement can build on this. If the theory is correct, the price rise target price is 0.9387 usd.
NVCN increased by 14.41% and 32% respectively. The primary target price is 0.6098 usd (14.41%) secondary target price 0.7680usd (32%). On the basis of the preliminary analysis, the exchange rate started to rise in a pulse wave. The rise can be fast and momentary. Therefore, I would not advise you to take short positions. Based on current data, I do not assume corrective movements.
NVCN 220% increase? ... In my previous analysis, I chose the movement of the exchange rate to further decrease. It has not happened, the reason is that the second wave construction of the falling wave structure was interrupted. Instead, a fractal structure was created, which could be a good starting point for an additional rising motion. What do we see? Couples "a" and "2a" are fractal pairs. The fractal structure of the ATR axis is different. The "a" axis of the ATR is a resistance axis, and the "2a" fractal ATR axis started to function as a support axis. This means that the number of longs in the "2a" fractal structure is higher. If the assumption continues, the exchange rate does not fall (according to my previous analysis) so there is a chance of a double impulse fractal. The target price is 1.44 usd. 220% increase from the current level.
NVCN 40% fall after 300% increase... The exchange rate builds on a third falling wave. its target price is 0.2447 usd. After completing this, I expect a significant increase of up to 300%. Two structural pulse wave increases are likely. The target price is 0.977usd.
NVCN 50% before falling... The movement of the exchange rate did not follow the previous analysis, the course of movement changed. The third impulse movement is missing. This, in turn, predicts a further decline. It is assumed that the exchange rate moves symmetrically into the horizontal wave axis. As a result, a descending wave with a target price of 0.2431usd may develop. A further 50% fall from the current level.
NVCN before 176% rise... The exchange rate is used to build a triple-wave wave system. Currently, two impulses have been completed. Now we are waiting for the third, the biggest size. According to the technical rules, the percentage is the same as the percentage of the wave of the previous pulse caused by vertical linear scaling. But due to the logarithmic rise it will be twice as large as the previous pulse wave size. As a result, the target price can be 1.8080 usd. 176% increase from the current level.
NVCN - Can the 1 Hr 34 SMA cross 340 SMA - brschultz - youtubeRobinhood'd this one with a buy at $0.65 a couple weeks ago based on my long term daily momentum model - if correct this one might run up to peak in Dec 2020.
