poetic1

$NVAX rising wedge forming on the daily

Short
NASDAQ:NVAX   Novavax, Inc.
There is a rising wedge forming on $NVAX daily chart. Bio stocks could break out to the topside with any news but this is a very bearish reversal pattern. Look for a play when it breaks the trend either way. Gap to the lower end could be filled.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.