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Auguraltrader
Jul 2, 2022 7:00 AM

Novavax - Wassup? Long

Novavax, Inc.NASDAQ

Description

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.
Comments
model421
was looking at that one too. the vaccine is apparently having some success as alternatives to mrna and bntx. i like all those as long term plays
Auguraltrader
Hi @model421,
hope that you have been keeping well. Thanks for checking in with your sharing too.
model421
@Auguraltrader, all good thanks
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