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HouseOfTrades
Apr 18, 2022 12:32 AM

NVAX room to the downside Short

Novavax, Inc.NASDAQ

Description

Descending triangle break on the daily and now forming a bear flag for a possible leg lower.
Watching the flag break and confirmation.
Another confirmation could be 56.85 price level.

Targets: $50 , 47.93

Trade closed: target reached

Comments
Kamalparekh_01
What do you see for NVAX now? There is a corrective wave pattern formed. Will it still be under bearish or will it change the pattern altogether ? Thank you for your insight
HouseOfTrades
@kammyab, I am no longer in this trade so not really following it. However I would be tracking any rejection off 66 / 67 level, Could be a strong resistance and therefore another leg lower
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