Novavax- NVAX- Medical Technology Vaccine Focused LONG
NVAX on the 15 minute chart has been compressing price action volatility into a symmetrical
triangle. It in now in a breakout of the triangle and in the process when from undervalued on
Monday to the upper trendline and then down to the support trendline and then up again.
It passed through the volume profile and its high volume area. In short, it has bullish
momentum capped off with a breakout from the high volume area into a bullflag to rest the
weekend. I am in this stock going and now is an opportunity to add to the position. If a trader
wants to know what I consider to be targets upside, let me know. Medical technology is
expected to be among the hottest of subsectors for 2024. NVAX has been beaten down. I
believe it has significant upside for the long term. in the short term, earnings are expected
on February 28th so this is a trade to consider on that run up. Call options for March 2 or March
16 can be considered.
triangle. It in now in a breakout of the triangle and in the process when from undervalued on
Monday to the upper trendline and then down to the support trendline and then up again.
It passed through the volume profile and its high volume area. In short, it has bullish
momentum capped off with a breakout from the high volume area into a bullflag to rest the
weekend. I am in this stock going and now is an opportunity to add to the position. If a trader
wants to know what I consider to be targets upside, let me know. Medical technology is
expected to be among the hottest of subsectors for 2024. NVAX has been beaten down. I
believe it has significant upside for the long term. in the short term, earnings are expected
on February 28th so this is a trade to consider on that run up. Call options for March 2 or March
16 can be considered.
Comment:
On the monthly time frame over almost 20 decades I have placed two head and shoulder patterns, the neckline of which represents resistance on this extreme time frame which has high validity. The volume profile serves to mark the running high volume area over the duration. The top of the average high volume area and the neckline are the supply or overbought zone from which price will often fall if it ever gets there from short sellers' new positions and longs taking profit. On the bottom side of things, price is obviously in its historical demand zone of support and more likely that not will rise from here. For me this is long term investment and I am putting in additional shares here. I will take out profits along the way.
The path is not a short one. Given the position size, the moves are slow and thoughtful. For course, there remains the possibility that earnings will cause a pump. This is yet another reason to add at this time.
The path is not a short one. Given the position size, the moves are slow and thoughtful. For course, there remains the possibility that earnings will cause a pump. This is yet another reason to add at this time.
Comment:
For a trader that looks to the long term and and does options strategies- the mid January 2026 call striking $ 12.5 premium went from $.50 to $1.00 this past week for
a 100% gain with about 99 weeks to go. More contracts can be purchased for $100.
Do the math and figure out what the right to exercise and get 100 shares will be worth when the stock price goes to $50 which is halfway through the journey from demand to supply and not an unreasonable two year target. For a basic approximation, today the 100 shares are worth $400 and at the given time of
exercise the shares would be worth $5000. The call contract for 100 shares
will be worth more or less the same without minor adjustments. The simple math is the $ 4900 gain is 49X the premium paid and so 49X the money in 23 months.
Traders that are confident enough to play with long term options also sometimes
do advanced options to modify the risk to reward ratio and optimize the potential
gain in the trade. For my naked call options on this symbol, for every call contract I have taken a short trade of 50 shares as hedge in the trade. I do not expect the shares to fall anything at all as I assert I bought at the bottom. The calls I expect will reward me heavily.
a 100% gain with about 99 weeks to go. More contracts can be purchased for $100.
Do the math and figure out what the right to exercise and get 100 shares will be worth when the stock price goes to $50 which is halfway through the journey from demand to supply and not an unreasonable two year target. For a basic approximation, today the 100 shares are worth $400 and at the given time of
exercise the shares would be worth $5000. The call contract for 100 shares
will be worth more or less the same without minor adjustments. The simple math is the $ 4900 gain is 49X the premium paid and so 49X the money in 23 months.
Traders that are confident enough to play with long term options also sometimes
do advanced options to modify the risk to reward ratio and optimize the potential
gain in the trade. For my naked call options on this symbol, for every call contract I have taken a short trade of 50 shares as hedge in the trade. I do not expect the shares to fall anything at all as I assert I bought at the bottom. The calls I expect will reward me heavily.
Comment:
Yeah I have to remember to toggle the word wrap before I begin dictating (
Comment:
BTW, NVAX is at the lows and the shorts might find it time to buy to cover, which of course might synergize with any new buyers. Of interest, NVAX made it on the list
highly shorted stocks on watch at Yahoo! Finance
finance.yahoo.com/u/...ghest-short-interest
highly shorted stocks on watch at Yahoo! Finance
finance.yahoo.com/u/...ghest-short-interest
Trade active:
Stock shares rose and the options a lot more. Stop loss raised. Patience no hurries here. Thinking about selling OTM calls on the shares.
Comment:
Looking for a short squeeze but it will take a lot more of a price gain and some volume to push it. Right now too much action in the crypto and tech sectors. Patience.
Trade active:
Linked here is a 1 minte zoom =in for the trading day. NVAX did well. Those who took the trade likely are able to raise their stop loss already. Best of luck to all in this
trade.
trade.
Trade active:
NVAX 5% above near-term bottom - stop loss on stock position raised to break even.
Running a 10% stop loss on the call options on half of them and 25% on the other half.
Running a 10% stop loss on the call options on half of them and 25% on the other half.
Trade active:
NVAX sitting on fib level support heading toward earnings, Holding full position.
Review article linked here
finance.yahoo.com/ne...eview-150054392.html
Review article linked here
finance.yahoo.com/ne...eview-150054392.html
Trade active:
Massive price action upside today on the news: waiting for a pullback before deciding about adding to the position
seekingalpha.co...accine-row-ends?mailingid=...
seekingalpha.co...accine-row-ends?mailingid=...
Trade active:
Comment:
NVAX had its best day in some year. It could continue tomorrow or begina slow fade
depending on how many chasers there are in the after- hours and premarket.
Compressing in a triangle.
depending on how many chasers there are in the after- hours and premarket.
Compressing in a triangle.
Trade active:
NVAX popper out of the symmetrical triangle with another bold move holding full position.
Trade active:
Price moving up in the premarket in a local breakout at 6:35 AM EST. Likely good
continuation after the opening bell.
continuation after the opening bell.
The big green candle could be considered a correction of a super trend down from which to take a short trade. I understand that perspective. Time will tell.