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tacosaurus
Oct 27, 2021 5:37 PM

NVAX bottomed target 160-180 Long

Novavax, Inc.NASDAQ

Description

Lots to like here - heavily abused over the past month, bouncing off previous relative low/support, possible falling wedge break to the upside, MACD starting to turn up, 50 and 200 day MAs around the 190-200 level. 160 looks almost certain while 180 is not out of the question. might take a few sessions to pop through - earnings coming up early november.

Comment

just noting we are there at 180. I think there may be a bit more upside - to 200, but this is a good time to trim or reduce for this trade.

Trade closed manually

could keep going but risk/reward not as attractive here. could find 200.
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