NVAX - post earning crash

quinnie0930 Pro+ Updated   
NASDAQ:NVAX   Novavax, Inc
Hangin there for 7-10 days for short term recovery.
Comment: My sell target is 67-68 next week but I think it can go higher longer term. We're bottomed for the year. Next year is a different story
Comment: My original chart is more or less correct. Updating my TP price for 58-62 this week, but we should still see 66-67 towards the end of the month. If you want to hold long term, I think we can reach 100$ end of September.

I did some rough calculations based on current revenue and market cap compared to Moderna who has 20x MC. NVAX is actually fairly priced now. So any future increase in TP would be forward looking, assuming it's taking a good share their market cap and Pfizer's with the international market & the booster market.

Please trade safely!
Comment: I've charted recovery similar to other stocks that recovered quickly, ie: ROKU. Unfortunately, NVAX is just a heavily shorted stock. Simply because it deserves it. It missed 80% in revenue.

Again these are just my charts and my opinions. I might be wrong so do you own DD. Not a trading advice. If you don't like it, unfollow me :)

Recovery is here with the the double bottom, I think the bleeding is done for now unless it breaks this 37 support. Then the next major support is 34.

I wont mention the timing since I've been wrong on this. But upcoming TP is 44/45-47-54/55 around the end of the month. Next month is TBD. It will be a slow recovery unless we have some major good news, then 67 is possible.

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