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NFTRH++: $CVI 200dg Setup

05/12/25: Nice pop and in this instance patience or looking for rejection and/or volume expansion sees a solid setup pass without participating.

Putting $CVI on watch for a 200 day governor (‘200dg’) long setup. I want to see if the 200dma can reject it and create additional tension before considering swinging long. $2 downside vs $6 measured move toward $27 is initial risk/return framework. I would like to see volume start to expand if/when it starts to curl up and over the 200dma. No position in $CVI currently.

NFTRH++ trade setup ideas are presented for consideration and further research only, not as recommendations. I am not an investment adviser and these are trade ideas for each to consider on their own.

Hammer

My name is Joe and answer to that, Hammer or GreyBeard. I grew up in northern Minnesota and began my career as a bean counter before transitioning to the finance world, first as a junior analyst / trader on an emerging markets desk. I moved on to perform due diligence and capital allocation for a NYC based hedge fund of funds for five years before joining a short only hedge fund as an analyst and principal. My interests are volunteering at my local food bank, watching the Minnesota Vikings and Seattle Kraken, and listening to music and attending as many concerts my aging body can handle.