$TRKA (I) 📚DD Thread:

Yesterday's trading halt resulted from taking an evasive action as large blocks of shares were absorbed from the market. Probably shorts covering. Why you do this on a day like yesterday can be interpreted from different perspectives: The share price was… $TRKA (II)

…about to break through a dollar, which would suddenly have caused additional problems for short selling strategists. Was the published earnings report the reason for the price drop? No, because the published overview of the earnings report should not have…

$TRKA (I)

At the moment I have received a lot of DMs and inquiries about the 344M shares that are listed in the 10-KT filing. I honestly have to say that I myself am totally surprised that there was any dilution at all, since the registration statements were withdrawn on… $TRKA (II)

…the grounds that one wanted to protect investors and act in the interest of the public. Furthermore, it is clearly stated that no financial instruments were sold under these registration statements. Also, no new registration statement was drafted between…

$TRKA (I)

Coordinated attack, that wasn't anything else, because the earnings report wasn't nearly as bad as it was interpreted. We have a cash-positive company here, which should in no way be traded at penny stock level with such sales figures. Furthermore, now from the… $TRKA (II)

…perspective of factual technical analysis, it is good for the trend when indicators cool down. If you look at the overall picture (intraday + daily TF), absolutely nothing has changed. On the contrary: There is still no discernible strong selling pressure.

$NOVN (I)

📚Update on Novan Inc.:

As noted in my last technical analysis, Novan's share price has now transformed into a sleeper position. No smart money accumulation is recognizable in the weekly TF, which means that we now have to wait and see what further path Novan's… $NOVN (II)

…management will take. Anyone who has accumulated with us again at the all-time low shouldn't have to worry too much. The future prospects for Novan remain positive as the company continues to see a niche market encompassing a market volume of over $2B.

$TRKA (I)

Food for thought:

Is it enough to just trust the process, or is it better to include a healthy level of risk management when evaluating the situation?

In the case of Troika Media Group, there are a number of factors to consider that suggest that the developments… $TRKA (II)

…now unfolding result from a well thought out plan:

💠 Disagreements within the company resulted in delay and indecisiveness in the settlement of the debt obligations. Also note in this regard that insiders accumulated shares to their pre-existing positions…

$TRKA (I)💡A few things to note now:

🔹 Record volume of 354.1M shares, highest trading volume since IPO.

🔹 Divergence indicators rear up. Please also pay attention to the monthly TF, since a bullish impulse signal was generated here for the first time since June 2021. It is… $TRKA (II)

…thus the second month since the IPO that generates such a signal. WPR is now also above -50 in the monthly TF. MACD has completed the bullish cross and is showing a bullish divergence for the first time since the IPO.

🔹 Volatility is now reaching historic levels…

$TRKA Management now has everything it needs to deal the final deathblow to the short selling strategists. Open INterest is at an all-time high and public figures like @rogerhamilton, best known for his dedication to the #NakedShortsWar movement, point directly to the… $TRKA

…intrinsic value of Troika Media Group. Since the 2021 IPO, the share price has been in a death spiral, losing value and even after the Converge deal, the share price failed to reflect the intrinsic value of the company. Sufficient forces have now joined to break…

$TRKA (I)

📊 Key details on the technical analysis of the weekly TF:

🔹 Increasing trading volume for nine weeks.

🔹 Record volume of 940.7M shares. The week of February 27th, 2023 has the highest trading volume since the IPO. $TRKA (II)

🔹 Three bullish impulse signals in a row. Historically, the last two strong price moves have each had an intact trend for four weeks in a row. However, I advise against comparing this with the current price movement, as the cause and effect is different here.

$NOVN I

📚 Summary and analysis of the fireside chat between Ms. Stafford and Jonathan Aschoff at the 34th Annual Roth Conference:

(Note: This summary does not contain the entire fireside chat verbatim, but rather reflects the most significant information that can be… $NOVN II

…correlated with previous statements.)

It should be said right away that the developments that have occurred at Novan Inc. are to be rated positively in their entirety. The management and BoD included all interest…

(I)

(The following 🧵 is deliberately published without adding a ticker symbol.)

It was an eventful Friday. Have you processed the impressions you gained in the meantime? If so, then next week will be a review of the documents covering the equity distribution agreement, the… (II)

…acquisition of Epi Health and a correlation analysis of how Novan's management changed its rhetoric and course. For all those who are not yet able to classify or interpret the current developments: Everything that is happening now is the transformation of a…

$NOVN

📚 DD thread:

💠 Further development of Novan's share price / Two scenarios

(the concept of this DD thread was worked out a few days ago, so there is a possibility that some predictions may have already come true) $NOVN

🔷 Foreword

The last two years have been turbulent and at the same time associated with many difficulties for small cap companies. Despite the global events, Novan was able to develop a solid financing structure and, as a late-stage biotechnology company, now has the…

$NOVN As can already be seen from the shelf offering, Novan will complete the Aspire CSPA that has already started. With regard to the warrants, the following should be noted: Novan's management clearly failed to make use of a large tranche of warrants, which have now been… $NOVN

…terminated (deadline reached). Of course, that doesn't make a good impression afterwards and should also be seen as a legacy from the time when NOvan still treated its share price as a penny stock. As already mentioned, there are exactly two scenarios under which…

$NOVN

A quick note regarding the positions held by institutional investors: Compared to the last quarter of 2021, the total amount of shares held has increased by around 47%. Historically (this applies to Novan only, of course), an increase in institutional holdings also… $NOVN

…means an imminent recovery phase for the share price (with a time lag, of course). Today I will work out two possible scenarios for the development of the share price over the next few months. Here I have also taken into account the changed rhetoric of the company…

$NOVN

📊 Weekly Recap (I)

🔶 Closing Price:

—> Open: 4.02 / Close: 4.12. Closed below AEMA(13,20,50,100,200), but above parSAR, AEMA(5,10) on bullish strength.

🔶 Price Dynamics:

—> RSI is now stable within the lower consolidation zone; HV above 1.00 (increasing… $NOVN

📊 Weekly Recap (II)

…volatility). BB: No significant change.

🔶 Trading Volume:

—> Volume: 670.53k, below avg. vol. Increased buying pressure, increased positive acc. and oversold money flow (weekly TF always with a delay).

🔶 Correlation Analysis:

—> Correlating…

$NOVN

📊 Daily Recap (I)

🔷 Closing Price:

—> Closed below AEMA(100,200), former MT (4.37), but above parSAR, AEMA(10,13,20,50) and MT (3.45) at 4.12 (= 5AEMA) on continuously rising lows.

🔷 Price Movement:

—> Price moves on low volume within a fixed acc. channel (… $NOVN

📊 Daily Recap (II)

…increased support above 4.00, current resistance at former MT). Rising smart money acc. creates pressure on price action. Correction of the MC is expected.

🔷 Price Dynamics:

—> RSI on the rise (upper consolidation zone; entry into the bullish…

$NOVN

📊 Daily Recap (I)

🔷 Closing price:

—> Closed below AEMA(100,200), original MT (4.35 = current resistance) but above parSAR, AEMA(5,10,13,20,50) and short-term MT (3.40) at 4.19 on bullish strength. Breakout in the making.

🔷 Price movement:

—> Partially controlled… $NOVN

📊 Daily Recap (II)

…price movement within a fixed acc. channel (increased support above 4.00). Strong momentum under construction.

🔷 Price dynamics:

—> RSI moves towards a bullish momentum (upper consolidation zone); HV above 1.00 (increased volatility). BB:…

$NOVN (I) The following statement could possibly be the most important one that I wrote in the course of forming our interest group. By interest group, I mean the steadily growing community of investors that has formed in form of a network around the promising and prosperous… $NOVN (II) …company Novan Inc. Usually, I only act in an advisory capacity outside of social media & co. Today, however, I advise everyone who is interested in Novan Inc. and in a possible investment to read this thread carefully. The following content is based on my…

$NOVN Daily Recap (I)

🔷 Closing price:

—> Closed below AEMA (100,200) but above MT, parSAR and AEMA (10,13,20,50) at 9.65 on a bullish engulfing candle. Note: Closing price above 50 AEMA for the first time since June 16.

🔷 Price movement:

—> Controlled price movement… $NOVN Daily Recap (II)

…with an outbreak of the acc. channel (strong support above 8.20). Bullish strength on increased volume.

🔷 Price dynamics:

—> Increased RSI (reaches zone of bullish momentum), increased HV. BB opens price range.

🔷 Trading volume:

—> High volume…

$NOVN Short message:

Before I will publish the Daily Recap, I would like to address a few things that relate to both today's price movement and 10-Q filing. First of all, the 10-Q filing: The 30-day option of the last public offering remained unused and has expired. The… $NOVN …Aspire CSPA from July 2020 is still active, but has so far not been used. There is still about $ 12M in the pot, which Novan could theoretically fall back on. Now to today's price action: From a purely technical point of view, such an accelerated upward movement is...

$NOVN Daily Recap (I)

🔷 Closing price:

—> Closed below AEMA (50,100,200) but above MT, parSAR and AEMA (5,10,13,20) at 8.36 on bullish strength.

🔷 Price movement:

—> Controlled price movement within an extended acc. channel (price range: 8.15-8.40; strong support within… $NOVN Daily Recap (II)

…the acc. channel). Beautiful acc. in combination with price stability.

🔷 Price dynamics:

—> Stable RSI (consolidation zone), decreased HV (lowest value since 12/03/2020). BB are approaching.

🔷 Trading volume:

—> Very low volume (305,64k, below…

$NOVN Interesting constellation: Novan was invited by Roth Capital partners to the 33rd Annual Conference to present its product pipeline. The document published today speaks of QIBs (qualified institutional buyers) and IAIs (accredited investors). I have pointed out over... $NOVN ...the last few days that this public offering is related to accredited investors (i.e. not related to the general public, which has been misinterpreted by some). Cantor Fitzgerald acts as sole book-running manager, while Roth Capital Partners acts as financial advisor...