NVAX is HOT right now.
Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end.
What I'm monitoring from the chart:
Momentum, to indicate a possible trend reversal - for now the momentum is still HOT
RSI, also to monitor momentum and buy power - right now the buyers are in firm control
Bollinger Bands, to monitor the volatility and overbought / oversold area - we have been running overbought for days
So at this point, NVAX is going incredibly strong but I am keeping an eye out for a possible sell off or minor correction to enter again with a lower position.
Hit like if you found this helpful
Thanks, E
Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end.
What I'm monitoring from the chart:
Momentum, to indicate a possible trend reversal - for now the momentum is still HOT
RSI, also to monitor momentum and buy power - right now the buyers are in firm control
Bollinger Bands, to monitor the volatility and overbought / oversold area - we have been running overbought for days
So at this point, NVAX is going incredibly strong but I am keeping an eye out for a possible sell off or minor correction to enter again with a lower position.
Hit like if you found this helpful
Thanks, E
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.