$VXRT Target 11.66 for 40.31% Or next add level is at 4.96$VXRT Target 11.66 for 40.31%
Or next add level is at 4.96
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
VXRT
$VXRT speculative play after the 60% dropHello dear padawans. I hope everybody is doing well. If you don't know VAXART, they are working on a covid vaccine that is taken orally; apparently the only one in the US (world?). The stock fell today after the first phase of tests yield no antibody response on volunteers (more here: cnb.cx).
They are continuing their research into a phase two so this is not all done for their vaccine yet. As you know, when these things happen investors overreact and the chain effect drives the price down; perhaps exaggeratedly in many cases. This may be one of those so we can use that in our favor.
I am using the 1hr timeframe here because it seems the action responded to the fib levels in the 1hr chart more closely than other indicators on the 4hr and daily charts. As you can see, the 0 level was tested twice and the price reacted by moving up. You can also see that that level was support for 6 days before the price spiked up so it seems it is a strong level. Other indicators are obviously turning bearish really quickly after that huge fall so they don't help us much here.
Even though the price bounced twice from that level it could still move back down since investors may still be deciding what to do from here. Also keep in mind this is the 1hr timeframe so it is normal to see these 10% intraday swings.
I may start a trade tomorrow if I can use one of those fib levels to anchor my entry. If it breaks below the 0 fib level the next support is the 50ema on the daily, around $8.5 but at the time of this writing, but I think it would most likely go down to around the $6.9 support and rest there.
I did a similar play on FOSSIL after the drop last week and cashed an easy 40% in a day. Maybe this one will pan out as well.
Safe trades!
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VXRT - Possible downside comingTrade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
ORAL PILL VACCINE !!! COVID 19-01/28/2021--------- BULL FLAG ON DAILY
01-29-2021-------BULL FLAG ON HOURLY
FEBRUARY 3RD PRESENTATION ON CONFERENCE WITH DR. FAUCI AND OTHER LEGENDS
ORAL VACCINE ------ COVID 19 PILL VACCINE ----- NOROVIRUS ----- FLU---- JNJ COLLABORATION----
NEXT WEEK IF FOLLOWED THE TREND AND NEWS are POSITIVE --- $16 IS EASY !!!
IF FALL DOWN --- WILL GO TO $10.45 AND STAY THERE TILL ANOTHER DIRECTION!
POSSIBLE SHORT SQUEEZE IF IT HITS $16, 33.97 MILLION SHORT AVAILABLE.. ONE OF THE MOST SHORTED TICKER IN 2020.
SRNE - Beginning of the big move.Currently shorts are controlling the stock. Seems that it found it's support and we might see a short squeeze in the upcoming 1-3 weeks.
VAXART - NVAX the 2nd ?These are my thoughts on VXRT. They are meant to give you an idea, not trading advice.
Vaxart turns vaccines into pills because pills are much better in every way. Vaxart has done this before, so it can do this again. Will this be the second Novavax?
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
Vaxart Inc. VXRT Stock AnalysisPrice Volatility is mainly due to the Fundamental Analysis. Not a lot to say on Technical Analysis
Vaxart Inc. VXRT, +28.43% said Friday its oral COVID-19 vaccine has been selected to take part in a nonhuman primate challenge study funded by the U.S. government’s ‘Operation Warp Speed’ program, that aims to accelerate development of a vaccine. Shares were up more than 28%.
NASDAQ:VXRT