Vaxart (NASDAQ:VXRT) has made an awesome move recently with volume backed confirmation before the event at the World Vaccine Congress Washington 2021 that will be held virtually from May 4-6, 2021. The technical daily chart above shows the stock is in a bull market rally as MACD is on top of signal line and %K line is on top of %D line. In addition, the medium...
BOOOOOM sold my VXRT position for 40% wooooot!!!
Now look... I know this can still keep going up!!! BUT my target is established when I open the trade and I don't veer from my strategy... I will be back when this fits my strategy again...
GL if you're holding. Could gap up next week...
Happy Trading!!!
Todays rally was impressive but was halted by the 0.236 Fibonacci retracement Level.
Alert set for a move above $9.55 tomorrow.
Please see attached charts for potential resistance/targets
$VXRT Target 11.56 for 40.80%
Or next add level is at 4.86
Come on VXRT... Let's do this!!!
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial...
$VXRT Target 11.66 for 40.31%
Or next add level is at 4.96
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. ...
$VXRT Target 11.66 for 40.31%
Or next add at 4.96
I am not your financial advisor. My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk.
GL
Vaxart (NASDAQ:VXRT) The company is working on a vaccine for the novel coronavirus that works via tablets instead of injection. If Vaxart reports positive results from this clinical trial, investors will likely see shares of VXRT stock soar higher. Be first to capitalize on, in my opinion the best alternative for Covid 19, a oral pill solution
Good luck
Support zone
Ascending trend during last year, in particular last 3 months
Institutional buys
MACD turning bullish
Lot of risk involved (BIO)
Huge reward nearly support
has a history of big breakouts after a long consolidation,, it might not happen next week but this could be a good dip entry if you are patient and wait for the next pump. long 8.5, stop loss 7 and price target 12
SHORT-TERM: At a major support level with 1hr hidden bullish divergence. There are multiple ways to play this, but it is high risk high reward, due to volatility. Please do your own research as this company was having some vaccine issues, but I still believe their pill is a good idea for mass production, and these tests just allow them to improve it. (Not financial advice)
Again, I think this is one of the more decent speculative plays or dip opportunities for a swing out there. Shorts are soon going to need to likely cover, you have an RSI less than 30, and people are overreacting to the clinical data and news headlines. The support level just needs to pickup for a really good squeeze. PR could come like a hammer for overly anxious...
