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$NextNav (NN.US)$ The risk associated with trading NextNav I...
The risk associated with trading NextNav Inc. is moderately high due to its negative EBITDA and overall unprofitability, increasing uncertainty about its long-term sustainability. The stock's high volatility implies the potential for swift price changes, leading to the possibility of significant losses. Additionally, the lack of significant recent news may present gaps in traders' insight into future performance. However, the proximity to key resistance and support levels could mitigate risk if managed properly. Thus, while potential exists, traders should deploy enhanced risk management when considering trades.
Key Attributes :
Recent earnings ( Yes) , Breakout ( Yes), Catalyst ( No),Good company (No),Valid float ( Yes), 🥵 sector( No), Near 52 week high ( Yes), Dollar break ( Yeah)
Levels
Resistance Level: Around $13.06, which marks the 52-week high and potential point of pullback due to high supply.
Support Level: Identified at $9.5, based on recent consolidation and historic price bounces at this level. A dip below could signal caution.
Clear Support Level: $8.0, with multiple recent confirmations suggesting robust demand persistence here.
Resistance Level: Around $13.06, which marks the 52-week high and potential point of pullback due to high supply.
Support Level: Identified at $9.5, based on recent consolidation and historic price bounces at this level. A dip below could signal caution.
Clear Support Level: $8.0, with multiple recent confirmations suggesting robust demand persistence here.
Trading Stretegy
Equity: $10,000
Position Bias: Long
Allocation: 13.32%
Position Size: 98 shares
Entry Price: $13.50
Exit Price: $18.255
Stop Loss: $12.062
Risk/Reward Ratio: 1:3.31
Position Bias: Long
Allocation: 13.32%
Position Size: 98 shares
Entry Price: $13.50
Exit Price: $18.255
Stop Loss: $12.062
Risk/Reward Ratio: 1:3.31
Based on the worksheet results and stock analysis, NextNav Inc. presents an opportunity in the swing trading domain with its recent upward momentum and favorable technical patterns. However, the high-risk score due to lack of profitability and volatile nature advises caution in capital allocation. Market participants are encouraged to leverage the defined support and resistance levels to guide their trades while exploring alternative stocks that may offer stronger financial health or sector exposure. Given the overall assessment, trading NextNav Inc. could be compelling for those seeking elevated risk positions but offers potent gains if managed aptly through strategic entry and stop placements. Proceed with vigilance and ensure active market monitoring to adjust positions as necessary.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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#unprofitable part time trader trying to make breakeven money aiming for consistent 5- 💯% or little more/trade.
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Lnova : Recent earnings ( Yes) , Breakout ( Yes), Catalyst ( No),Good company (No),Valid float ( Yes),
sector( No), Near 52 week high ( Yes), Dollar break ( Yeah) 
Iwill TradeScared OP Lnova : even due to some positive attributes I am still not confident no easy money I am so tired being patience , more patience more spending time on studying mo profits
Lnova Iwill TradeScared OP : you are always keeping it real
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Iwill TradeScared OP Lnova : Easy money is only for degenerate gamblers I don’t want that because money came from guessing game/ gambling will not be sustainable
Lnova Iwill TradeScared OP : Actually gambling is hard to make easy money
. I’ve lost money even when not gambling and trying my best
Iwill TradeScared OP Lnova : I agreed thats why I am suggesting you need to have successful system or tool in hand before placing trade even having them doesn’t grantee success or profits without hard work on building knowledge without system it’s walking in jungle in night to find road I was once degenerate gambler in stock trading now no more it’s better to me focus on building knowledge account
Lnova Iwill TradeScared OP :
wish I knew you since my first day of investing
Stock_Drift : “trading” do you mean day trading or swing teading? $NextNav (NN.US)$
Iwill TradeScared OP Stock_Drift : I mean swing trading approach as stocks risk reward 1:3ish which in not quite favorable for day trading ( I prefer 1:5 risk reward for day trading) but traders can day trade too if risk reward and price or pattern is there
Stock_Drift Iwill TradeScared OP : Cool. Thanks. Just wondered.
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