matt.sulli42
Long

What to do with Novavax now

NASDAQ:NVAX   NOVAVAX INC
Elliot wave suggests downward momentum for the past two years, and yesterday NVAX             investors got their hearts crushed. Where can it go from here? Based on yesterdays market activity, I see it headed towards the 1.618 retracement regardless of upward or doward movement. so, if it heads further south we could see high 80s but under a dollar, and if demand increases it would head towards about 2.08. So in other words, it could lose about, say 30-40 more cents but has the potential to rise close to double that at 2.08. In fact, I'd say it's likely to rise to about 2 to stay within LT             S/R/. Let me know your thoughts!
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