NVCN Movement Track Modification.
NEOVASC INC. – COMMON SHARES NASDAQ:NVCN
The exchange rate moved in the opposite direction as indicated by our analysis. Probably again, equity dilution can be seen. If our theory is correct, the exchange rate may reach a further low. This level can be around 1.83 usd. From this level we expect a definite rise to 3.5 usd levels. The lower level is 1.83 usd by a falling channel , and the upper resistance line is an intersection of an extended ATR axis or a peak axis.