NAVX is waking up with a near 8% impulse move, catching the attention of momentum traders. This sharp spike indicates buyers are aggressively defending the lower levels, forcing a short-term breakout. However, the real test is whether this momentum can be sustained, or if we are looking at a local exhaustion point. I'd prefer to see a retest of the breakout zone to confirm the demand before entering.
EP
$0.00980 - $0.01010
TP
$0.01080
$0.01140
$0.01200
SL
$0.00930
Holding above the $0.0100 psychological level could trigger continuation toward higher resistance. Losing the $0.00930 support would signal a failed breakout and invalidate the bullish thesis.
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