NVAX trade ideas
NVAX- Dark horse in the vaccine raceNo one can predict the result of NVAX's phase 3 trial. However, I don't count out any potential winners in the vaccine race even though now it seems very likely that NVAX won't be the first one to distribute vaccines at massive scale.
That being said, as long as the result of phase 3 trial isn't a complete failure, I think the crowd frenzy will keep pushing NVAX's price up.
To be on the safe side, I would market buy 33% of my overall position and limit buy the remaining in the demand zone.
Just my opinion. Not the investment advice.
Buy on a double bottom confirmationHello,
I think the upside movement will continue. It's not too late to enter a long position.
On macro perspective the company will launch its phase 3 final trial next week. So far 2/3 have been completed for its NVX-CoV2373 vaccine.
On technical side the prices are shaping a double bottom. Aggressive buyers would have bought earlier but more than 20% can still be earned.
The 4h DMI keeps climbing. Current levels are 26 maybe go to 39 or more.
Let's see ...
NVAX - Break OutAfter MRNA , PFE , AZE's great vaccine trial result, the group has gained momentum today. The market is optimistic about NVAX's coming result and pushed price above pivot $113. The 4 month correction of 59% is finished and there is a chance for NVAX to challenge previous high at $188 if the vaccine result is good. However, it is a risky bet since the vaccine trial result is not out yet. Should buy with cautious.
My recommendation is to limit risk by using bull spread strategy. For example: buy $135 call @ $11 + Sell $165 call @ $5 with total cost of $6; The max profit is $2400 and max loss is $600
Or buy the stock at $120 with SL at $100 and 1st TP at $150, 2nd PT at $188.
$NVAX Novavax Inc Bullish reversal targets
Potential long entry above $103.21 0.236 Fibonacci level.
Targets
$112 - Horizontal resistance & 100ma
$120 - 0.382 Fib dead cat bounce.
Indicators bullish and volume rising.
major downtrend broken
More bullish signs for $NVAX although near-term downside likelyPhase D of reaccumulation with key resistance level just above (likely to slow down upward move). All signs still point up after overcoming that barrier.
$NVAX Bearish Swing Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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NVAX Round upNVAX is forming a rounding formation and breached its premarket high today. It has now mounted over its moving averages, which will now act as support. I think this can take up back to the top of the range to the 110 area.
Multiple timeframe analysis for $NVAX --> very bullishMonthly, weekly, and daily charts all point north.
NVAX earnings miss (-$3.21 / share)Novavax (NVAX) reported a 3rd Quarter September 2020 loss of $3.21 per share on revenue of $157.0 million. The consensus earnings estimate was $2.36 per share on revenue of $234.2 million. I won't be surprised if NVAX tanks below $50 by 11/20. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...
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NVAX STOCKS DUMPED, DOWNTREND CONTINUESEarlier this year there was the question : How do you invest in Coronavirus vaccine stocks?
Now, we have the answer : YOU DONT.
Chart looking bleak, and the support lines are weak. This could be due to a few reasons:
- Lack of MAINSTREAM updates
- NVAX actually has no other vaccines
- Market volatility due to covid and elections
- Investors are seeking less riskier gains and getting out of stocks that do not look promising
Other than the above, we have seen strange behavior with stocks of companies in the race.
A few examples:
PFE Pfizer stock not responding to numerous huge injections from government
REGN Regeneron stocks hardly responding to Trump pimp
GILD Gilead even FALLING after being the first company world wide to receive FDA approval for remdesivir as a treatment.
AZN Astrazeneca in conjunction with Oxford has a trail candidate dead but stocks remain largely unaffected
I think NVAX has potential in the long run, long term I remain bullish for the company fundamentally, but not for an investment choice right now. In fact I'd say that no vaccine stock is a good investment right now. The way the market reacts to news is too unpredictable and the future remains uncertain.
Hit like if you found this insightful and helpful
Thanks, Ev
NVAX to Head Higher in the Coming Weeks?This is the first tap of the original low outside of a major trend break. It is also the 11.4 fib level of the breakout move. With price ranging between $87-$126, I'd expect for $126 to be tested again.
We do have several catalyst coming down the pipeline as well. Phase 2 results, Phase 3 results, EU Deal is still in limbo, FDA approval, then actual sales of the vaccine if approved. With this pattern, I'm expecting a sharp V correction into new highs.
We'll see.
NVAX earnings 11/09 4pm, target $175 by 11/10Let's start with, I have a love / hate relationship with NVAX. lol. It all began when I bought shares on 5/28/19, 5/30/19, 7/3/19 & 7/16/19 for 5.97, 5.71, 5.41 & 4.64 respectively. Nobody could have predicted what 2020 had in store for all of us. Like the Grateful Dead album, "What a long strange trip it's been". So it goes without saying, I just can't wrap my head around buying anymore shares of NVAX in the the double digits, let alone triple digits, the past 6 months. With that said, there's way more people out there that don't have my avoidance in investing in NVAX at these levels. As far as their NVX-CoV2373 covid-19 vaccine (credit: novavax.com), I think it's the most serious candidate out there. If the data of their Phase 2 clinical trials that started in August, are revealed before or during Q3 earnings and it's a positive result, my target is $175. The technicals show a consolidation with price spreads tightening, with higher lows the past month. So all in all, I'm bullish heading into November. Good luck and happy trading friends...
