$NOVN TA, part 1

- Closed below parSAR but above MT, 13, 50, 100 and 200 AEMA at 1.59 on a bullish candle. Controlled price movement in a given acc. channel (increased support level (1.48)). Accumulation takes place in waves with targeted manipulation of the price...
$NOVN TA, part 2

...Consolidation is under pressure.

- Low volume (8,21M, below avg. vol.) with unchanged buying pressure, increased acc. and positive money flow (block trades detected, Algo Orders).

- Solid RSI (consolidation zone), reduced HV. Decreased BB.

- Correlating...
$NOVN TA, part 3

...momentum indicators are trying to realignment (aim is to continue the overall trend). Sleeping momentum. Stagnant MACD (reduced bearish divergence). VI is gaining strength. ElliotOsc. with increased bearish divergence. Stagnant W/DPPO. Step-like WPR.
$NOVN TA, part 4

- Higher lows for four consecutive days. Highs, opening and closing prices with fluctuations. Overall trend with weakness. Sustainable trend; ADX: 28.63.

- Impulse signal = neutral (4d without bearish signals).

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More from @InCausaPro

9 Mar
$NOVN TA, part 1

- Closed below parSAR but above MT, 13, 50, 100 and 200 AEMA at 1.61. Controlled price movement with an extended acc. channel (aggressive acc. with increased support). Retested yesterday’s closing price at 1.44. Novan’s presentation has untied the knot. 👀
$NOVN TA, part 2

...Consolidation phase could now come to an end.

- Low volume (8,52M, below avg. vol.) with increased buying pressure, low volume acc. (significantly increased smart money acc.) and positive money flow (block trades detected, Algo Orders).

- RSI is...
$NOVN TA, part 3

...crawling back up (still in consolidation zone but shows strength again), significantly reduced HV. Decreased BB.

- Correlating momentum indicators are showing signs of strength again. Momentum on hold. MACD is now moving along the ZeroLine (reduced...
Read 5 tweets
9 Mar
$NOVN DD Thread

Title: Summary, Analysis and Evaluation of Novan‘sPresentation at the H.C Wainwright Global Life Science Conference (March 9-10, 2021)

I. Presentation of Novan‘s prioritized product pipeline

The following research projects are... Image
$NOVN

...currently given the highest priority by Novan:

- SB206 (Berdazimer 10.3%) for the treatment of molluscum contagiosum caused by a poxvirus of the molluscipox virus genus. The product candidate is currently in an ongoing phase 3 study. All 850... Image
$NOVN

...subjects have already been enrolled and despite the ongoing COVID-19 pandemic, this was accomplished in a record-breaking 5 months. At this point in time, the last patient's visit (12th week) is awaited (LPI = Last Patient In). This is followed by an evaluation and... ImageImage
Read 21 tweets
8 Mar
$NOVN TA, part 1

- Closed below 13, 50 AEMA, parSAR but above MT, 100 and 200 AEMA at 1.44 near low of day. Controlled price movement in a given acc. channel (price range: 1.44-1.6). Price reacted to Friday’s bullish hammer. Consolidation continues.

- Low volume (9,02M,... ImageImageImageImage
$NOVN TA, part 2

...below avg. vol.) with slightly increased buying pressure, solid acc. and positive money flow (block trades detected, Algo Orders).

- Stagnant RSI (consolidation zone), stagnant HV. BB: MidLine on the rise, upper band is approaching price, stagnant lower... ImageImageImageImage
$NOVN TA, part 3

...band.

- Correlating momentum indicators in contradiction to each other (no clear signaling). Momentum on hold. Indicators need a clear direction. The following still applies: Consolidation.

- Due to the bullish hammer, there is now a swinging price... ImageImageImageImage
Read 4 tweets
4 Dec 20
$NOVN DD Thread (1)

Title: A fundamental analysis covering the most important and valuable information about the recently published 10-Q report of Novan Inc. An in-depth discussion on certain formulations and developments in the area of equity financing and investor interest.
$NOVN Disclosure: This thread is based on in-depth research. In this context, all of the formulations used herein in relation to the quarterly report are backed up by facts. Only thoughts going beyond this are to be regarded as highly speculative. No Investment Advice.
I. Summary of the financial overview

Let‘s start with a look at some numbers on the balance sheet: Total current assets have been increased significantly compared to December 31, 2019. With cash and cash equivalents in the amount of $43,072M we can see that $NOVN...
Read 25 tweets

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