Valneva Short Term - We look to Sell a break of 11.58 (stop at 12.61) A break of bespoke support at 11.80, and the move lower is already underway. Current prices have reacted from a low of 11.70, however, we expect further losses to follow. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term...
-RSI strong neutral support -Resistance broken W1 -Bullish channel D1 -Broken downward bevel M15
Valneva is developing a virus-disabled classical COVID vaccine with UK as its first client (Already 100M dosis preorder contract). At each good news it pumps hard and then correct to the previous ATH before a new round. By the way, be carefull as its vaccine will reach the phase I/II certification only in april. This will be a big milestone.
Green charts are my high risk high reward picks.
News looks positive for this company to produce a new vaccine for the UK, if proved safe would go global. A sound investment opportunity. Can see it rising today.
As is often the case when you are trading part time like me , you miss news and the initial rise after news, even if you are a trader full time you can't see what happens with everything so sometimes it's a good strategy to see a stock that has had posiitve news and let the retracement happen and buy in at that point. As we can see from the rising channel this...