Hah... These trend lines are the accumulation of attempts to figure this thing out over the last year. Ridiculous price action but learned to leverage the volatility and play the extremes.
Currently at a relative downside extreme. Also signs of Wyckoff Accumulation similar to the build up when it popped Jan 2021.
Time series 1-month point forecast target is 163, NVAX price action is cyclical so these forecasts are more difficult than when there is merely trend/seasonality.
Technical levels I’m looking for to the upside are 111-120, 146, 180. Catalysts are here so it’s now or never I guess and calls are relatively cheap.