$NVAX rising wedge forming on the daily Short

Novavax, Inc.NASDAQ

Description

⋅ Jul 16, 2020 8:55 PM

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.

Comments

StayPhr0sty

⋅ Jul 18, 2020 2:02 AM

try again

poetic1

⋅ Jul 21, 2020 3:28 AM

@StayPhr0sty, as the play states look for a play when the trend is broken either way.

sneakypeat

⋅ Jul 17, 2020 1:41 PM

What now?

poetic1

⋅ Jul 21, 2020 3:28 AM

@sneakypeat, old resistance becomes new support