Novavax long - mid-term bullish until earnings Feb 28th
Updated
Please reference my previous post on the weekly.
It appears we have just a little more time to close in the yellow triangle on the weekly.
This chart demonstrates the daily time frame. Last time RSI was this low there was a rally of 100$.
I expect that there may be more touch of the major support level and then reversal with uptrend.
Place stop loss at ~70 -75$ or the long-term triangle idea is invalid
red line = 200 week EMA (slope of the most recent few weeks of input)
green line = 50 week EMA (slope of the most recent few weeks of input)
not financial advice
It appears we have just a little more time to close in the yellow triangle on the weekly.
This chart demonstrates the daily time frame. Last time RSI was this low there was a rally of 100$.
I expect that there may be more touch of the major support level and then reversal with uptrend.
Place stop loss at ~70 -75$ or the long-term triangle idea is invalid
red line = 200 week EMA (slope of the most recent few weeks of input)
green line = 50 week EMA (slope of the most recent few weeks of input)
not financial advice
Order cancelled
My stop loss has triggered. I will wait until the trend breaks and re-assess
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