NVV1 trade ideas
NOVAVAXif market keep is bullish euphorique structure, we are close to start the 3 wave that is extensive.
fundamental:
with covid trubbles and vaccination approval we can see that the probable futur trend will be bullish.
investor tend to go with hot stocks or easy to guest safe heaven sector, in the case of a global pendemie the one industry that cannot suffer from this is the medical and pharmacetical ones.
therfore the probability of a 3 wave arround the corner is really high.
also the wave 2 bounce from the 0.618 golden fib ratio, and wave 2 and 4 tend way more that just often to bounce from fib retracement. guessing a probal wave three from past support and resistance and using again the 0.618 to se were wave 4 should bounce at we have a strong probability to succes this trade.
as we know fib retracement tend to magicaly worked as resistance and support since so many investor/trader have orders at those levels.
entering now in the trade give you a stop loss at 80 so that would be 47 dollar risk/per share to a potential 120 dollar reward/ per share.
i don't know about you but i lile those kind of 3:1 reward to risk ratio.
best regards, patryck trader at richmonstocks funds.
NVAX over 133.62Novavax is forming a nice wedge here and may get a boost from positive COVID-19 vaccine test results. This likely means a big move will happen outside market hours. But tightening price action here implies some continuation once the news comes.
"Novavax: COVID-19 Trial Underway In The U.S., Results From The U.K. On Tap"
seekingalpha.com
ABC BullishPossible long entry at 123.45 but does not get price over the possible rectangle that is forming..131.50ish with an uptrend would get you past it. I guess if you like this one, basically long entry level is what you are comfy with. Can be Volatile so it could shoot out and up tomorrow! (Today is Sunday..lol) Was looking like a flag but flag looking a bit heavy for pole at this point..
Price looks to be fighting hard to break through the resistance and looks like WW2 inside of there! It appears price will either break through or bounce back down very soon. Just looks that way but who knows?
I am not in this but someone asked me to look at it. If price gets through that channel, I do think targets may be met.
Not a recommendation
No trades yet but if we breakout of this wedge be on the lookoutFor a huge move keep on watch be sure to follow me
$NVAX Novavax Inc Potential Trendline Breakout
potential breakout imminent.
Alert set for break above weekly candle
resistance @ $134.00
First target zone $146 - Fib Gp
Confluence of Fib retracement and extensions @ $165.00.
7 & 20 MA's in strong rising support
NVAX Long into final clinical trials NVAX has received a total of $2.4b in outside funding (gov't and private) which is one of the largest amounts received by the companies involved in Operation Warp Speed. Published vaccine results which few of the companies have made public show the highest amount of vaccine antibody counts (www.nytimes.com) Novavax has also reinvested those funds and has an estimated 2 billion dose capacity by 2021 (ir.novavax.com). Now entering the last phase of their clinical trails with 10,000 participants in the UK if the trail continues to push forward and publishes promising results expect this to run very hard past the previous ATH of $189
Good trade would be continue to acquire $100-$105 range or enter on breakout above $120 with a Stoploss at $94
Hope for a pull back and enter on the golden pocket of $68-75
Long term this company has positive prospects for NanoFlu as well
This trade is active
Assistance for EW analysis from Butch KillTrigger
Novavax Despite the hate for nvax, I have been long since fake breakdown of pattern at 77$. I am long to around 192$ breakout target. Golden cross incoming on daily, weekly EMA at 112.30area if worst case support. RSI looking like strong pattern retest before further upside. Sold half of position at 138$ will hold the rest to around old ATH at 188$
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.
