NVAX surged an impressive 29.4% last trading day with significant volume. Net positive volume increased massively from 6.33M to 28.12M for a 344% increase. These extraordinary numbers should be telling of what's to come in the mid to long term.
Buyers are back in the scene, positioning at the current price range in anticipation of growth prospect both in technical and fundamental aspect.
On our monthly data, some big shifts are happening. On histogram, the stock recorded its third straight shifted lines -- these lines came out after 3.5 years of waiting. Similarly, a fresh bubble up volume re-appeared after a series of descend over the years. This is giving us a lowkey clue already of the intended direction.
It is now sitting a 1.0 FIB level, this is beyond bargain / discount already. The stock is hovering around a 4-year longstanding strong support. Expect some upside price valuation to materialize in the next coming weeks.
All these 'shifts' are conveying a turnaround prospect for NVAX.
Spotted at 9.0
TAYOR. Safeguard capital always
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4H DATA:
NVAX will do another attempt next week.
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Daily data update:
Daily metrics is suggesting a shift on trend (upside) -- targeting 10.0 levels.
TAYOR.
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Long term data update:
HUGE ALERT! BIG UPSIDE COMING!
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BUYERS are lowkey positioning on this gradually.
A huge short squeeze maybe in order anytime now.
TAYOR.
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This week's closing candle just confirmed everything. More significant price growth is expect. Interim target set at 10.0 (x2)
high short float too and a deal with canada has been announced
JSAL
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@meitshel, now, that is some good news. :) thanks for sharing.
Chartguru1
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I happen to agree. Like LCID/BYND. Many non believers. So many will short thinking it won’t EVER rise again and will go BK. Monster just getting started …..kudos on chart