momentum picking up, down side to $4.00 upside to $7.00 you decide. betting on funding from the government would trigger some buy interest
This stock has a long term patter consisting of slowly breaking down PPS (Below $2) then a rapid spike upward (Above $6). This pattern of below 2 to past 6 has occured 5 times in the past 15 years.... That means major returns for those who can accumulate and then dish shares at a 200% gain every few years.
Looking for a breakout above $4.35 downtrend channel for the past 14 days. Big seller was present as per F-4 filing. NVAX has many catalysts coming soon. A break and close above $4.60 will be bullish
NVAX broke 2 years resistant line today, and it's possible go higher more.
Anticipate a retrace to test fib supports. Notes on chart - wait for confirmation of support before initiating new longs