Novavax Short Term We look to Buy at 35.94 (stop at 32.00) Posted a Bullish Hammer Bottom on the Daily chart. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Expect trading to remain mixed and volatile. Our profit...
Hangin there for 7-10 days for short term recovery.
A few days ago, NVAX gapped down 30 percent on a large earnings miss. This means that now NVAX is down over 87% from its ATH. Why I think NVAX is a buy right now The stock had a minor rally off a long term support level extending to 2020, and has higher lows than during the previous rally off this support level. It is trading at a heavily discounted...
all gas no breaks with a full tank and a full trunk. this covid vaccine stock enjoyed a huge runup to the release of the vaccine, but since has languished on the monthly as it lost over 90% of the price high. im not looking towards this as a long term investment, but im buying the rumor that nvax is announcing new trials or a variant innoculation or at least some...
I reworked on my chart last night and this morning the high and lows of the day seem to fall in place. I expect us to get approved on Thursday which bring the SP to $95 and $100 on Friday. Some pullbacks after but eventually we reach $140 on the 26th. Let's see how everything pans out. Good luck to the NVAX'ers.
the inability of NVAX to properly capitalize on the covid vaccine is a sign of a poorly managed company. was the rise from near penny status exceptional? of course. was the following wealth destruction of epic proportions? sure was. endless upset longs continue to exit as all good news acts as a selling event. this will be a ride back to single digits for a...
A small pull back to retest $56/57 pivot high, then spike towards $72/80. Next quarter expectation should be good.
Emphasizing the mid-long term reward outweighs the near-term risk here using statistics in confluence with wyckoff and corrective structure: Here is what I see, accumulation began early 2022 and attempted a spring in April, but NVAX just didn't have the near-term catalysts it needed to follow through with a sign of strength (especially in the general corrective...
A bull case Wyckoff accumulation. If the test is successful it will be marked up
Took small trade on bounce off of 21 DAY MA and again on recovery. Note how dot indicators show levels of support - this is a historic trade if you look back this happens at intervals. See June 3.
After 6 months of suffering, next 2 weeks will be pay-week for NVAX investors. My chart should be self-explanatory, of course there are pullback along the way, I'll let you figure this out on your own. It took me sometime to put this together. So enjoy. Hopefully some of these come out correctly :) (This is a near term chart - the white line is the trend line)
Weekly update with my long-term scenario... It looks short-term bearish, but it is the best scenario for long-term bulls according to Elliott waves! It has a gap fill in the low 20s, and then a wave (c) super cycle will start. As you see on the side there is a gap of volume below 35 and then a huge amount of volume from 10s-20s, I am not saying we will go there,...
Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40, and on Friday, it gained 11% to close the week at 57.15. This caught my attention as it cleanly broke out of trendlines, breaking out also from a bearish divergence, on BOTH the weekly and daily chart. IMHO, it appears to be in technical and fractal alignment. Weekly chart...
I think NVAX is doing an irrelevant ABC correction and wave 5 will follow... If wave 2 fibs will be broken I will be more confident to short it more. Bearish divergences on rsi and stochastic and MACD.
What I am seeing here is the most sophisticated accumulation setup I have come across in the market - and CO has been doing this for NVAX cyclically every pandemic in the past. The company focuses on stopping the propagation of viruses, however, CO spins it by propagating demand (like a virus) and absorbing supply which they injected intentionally at strategic...
I was going to type up some additional notes pertaining to my other post, but actually its time for some fireworks soon so I'll just leave this here - knock yourselves out. Will probably send update in the morning touching on the projected paths shown. Reference this post for general expectations on levels. If you leave with any message its that things might get...
Staying strong in the red market while QQQ went back to fill some gaps. But shorts interest remain 20%. Hopefully we get a nice squeeze into FDA approval My fib based time is pointing to $73 target on July 5th for now - fingers crossed. - Regular fibs at 61.8 and my trend lines are matching.
See my TA below. Comment for questions :). Using My Fibs lines based on major pivot dates and Gann Square