These are my thoughts and positions,
1. Appears that NVAX has opportunity for breakout as pennant matures
2. Price is trending healthily above 200 EMA.Price is also above and respecting the 50 EMA like they're in a long term committed relationship celebrating Valentine's day.
3. Notice the mid term higher lows signifying...
While Novavax has some positives, it is not a good candidate for new money. Novavax's two marquee programs, RSV F for maternal vaccination and NanoFlu are not doing particularly well, as they are getting delayed.
RSV F for maternal vaccination is now in Phase 3, but many investors are wondering if it's a viable drug. Even if Novavax successfully meets the...
NVAX looks like it may continue up. IT has a couple candles that I have circled that show bullish power- the hammer and then the huge gap up to close in the red. This consolidation seems to be building up to something.
This is my second bullish swing trade on NVAX in a week. The first trade ended with a small gain, I exited the trade early because earnings were the next day and I didn't want to hold through earnings.
I entered the trade later in the day on Thursday. After a big pullback early Thursday NVAX recovered nicely so I entered at $2.05. NVAX looked pretty strong on...
I am a little late publishing this chart, I entered the trade on Friday. NVAX has strong support at around $1.96 and has bounced there several times.
My target is $2.34 and depending on how strong NVAX looks I may just take a partial there and trail my stop behind the rest.