Saxo

Novavax: IT'S TIME TO GO

Short
NASDAQ:NVAX   Novavax, Inc
Novavax

Short Term - We look to Sell at 48.97 (stop at 53.42)

Prices expected to stall near trend line resistance. Trading volume is increasing. The trend of lower highs is located at 55.90. Preferred trade is to sell into rallies. A break of yesterdays low would confirm bearish momentum.

Our profit targets will be 22.96 and 13.90

Resistance: 50.00 / 63.00 / 100.00
Support: 41.00 / 23.12 / 15.00

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