Auguraltrader

Novavax - Wassup?

Long
NASDAQ:NVAX   Novavax, Inc
Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40 , and on Friday, it gained 11% to close the week at 57.15.

This caught my attention as it cleanly broke out of trendlines , breaking out also from a bearish divergence, on BOTH the weekly and daily chart .

IMHO, it appears to be in technical and fractal alignment.

Weekly chart bounced off a major support two weeks ago, and the last week continued the previous week's bullish end. On the daily chart , Friday's close was the highest daily close in about 5 weeks. with a strong candle closing draws obvious bullish attention.

Target 80, then 125.
Support at 53 and 50.
Comment: NVAX has since moved UP >30%.
4 short of immediate target 80.

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