CANNAINVESTOR Magazine May / June 2017 - Page 160

Novus Acquisition and Dev Corp (OTC: NDEV)

Novus has a very interesting chart in my opinion. As I highlighted in the comments above there appears to be multiple indicators that are starting to point in the right direction for the bulls. A push back above short term moving averages like the 9, 20 and 50 day would be super bullish in my opinion with 70 cents being the key resistance area to look to break above. If the bulls can break through 70 cents then look for past resistance to act as support in the future.