NVAX to attack down trend line again, Watch carefully !NVAX is going to attack the down trend line once more after a short recovery and regaining some energy. Who wins the battle? lets follow and see.
NVAX has reacted well to very strong support formed by 0.618 Retracement of last major rally and 0.786 projection of possible wave A of an ABC form of correction. This is shown on the chart.
It is worth to note that chart is in logarithmic scale.
I, myself think that NVAX is not able to break the line this time and it needs one more attack later. But who knows?
Please take into consideration that :
Market never follows our predictions , We are the one who should follow the market.
Good luck my friends