NVAX Novavax Breaks Downtrend
Potential entry above $113
Upside target to Fibonacci resistance @ $127
NVAX trade ideas
NVAX - looking for 100 next few sessions?Looking for short term trading opportunity back to 100 - back to the 50 day moving average.
* clearly defined falling wedge
* double bottom at the 85 level -- a level which also was congested some months ago - strong support here.
* MACD setting higher lows; about to cross the trigger line.
* gambling/speculating on this with 93, 95 calls sep/11; may push forward another week if setup doesn't break down.
Novavax possibly seeing the end of the downtrend soon?The current chart of Novavax (30-08-2020) suggests that the ongoing downtrend might find an end soon.
Fibonacci retracements suggest that either the current or the next level (flagged in the chart) might provide a point of support.
While the OBOS indicator gives an "oversold" signal, the MACD and RSI suggest to wait a little longer, it might be that the current price still goes down a bit before buyes might jump in again.
Trade idea, note to myself: Wait until either the current price level or the next Fibo retracement level gets a confirmation by a second closing candle. Do NOT go long before, wait a bit.
[NVAX] Still holding - Novavax is first "safe" COVID vaccineThis proved to the market and world governments that their nanotechnology is superior and that it works. Next stop, flu vaccine. I'm holding.
Disclaimer: Not financial advice. Just my opinion. See my related posts.
Source: www.cnn.com
NVAX Next moveWill NVAX finally bounce here? It sure is showing some major BULLISH divergence here on the 4H, the 2 week has test it's lower band, and momentum on the monthly is still very much bullish. We had to expect some kind of correction with months of hard bullish runs. With NVAX having to get through Phase 2./3 clinicals and FDA approval along with Fauci possibly accelerating that approval, there are some good catalyst to push this higher. $100 is a great entry for a 2x and 3x roi. High target on this is $300 for my personal position.
Falling wedge $NVAX Gonna squeeze hard! . Watch it closely .$NVAX Gonna squeeze hard! . Watch it closely .
The trend is over for Novavax, Inc?What a run that was! From the Go signal in January at under $6, Novavax, Inc rallied all the way to $190.
Now, however, the trend has changed. The GoNoGo Trend flagged a NoGo yesterday on the daily chart, after one neutral amber bar that suggested the Go trend was over.
Early warning was given by the GoNoGo Oscillator, which on August 12th crossed below the zero line, indicating that momentum had turned negative for the first time in months. It was then turned away by the zero line a bar before the GoNoGo Trend painted the amber bar.
The environment is bearish and further rejections at the zero line for the GoNoGo Oscillator would suggest a deeper NoGo trend.
NOVAVAX (Some Wild Prediction )This is a trend that I have drawn a while ago! Too bad that I did not publish as its wild and aggressive.
Fib looks good for the near futureFibonacci looks good for the short term.
I think it will have a nice gap up soon.
LONG
My take on NVAXNVAX should hit my $300 target. Technicals with fundamentals mixed in. Thanks for watching and I'm interested in hearing your educated thoughts.
NVAX (1h Time Frame)Looking for price to give us a pullback into the $130 support (potential selling opportunities) but if we break to the upside @ $151.50, the closure would be what I need to then look at going long. I'm eyeing the $177-$182.50 for TP. #TechnicalAnalysis #Fibonacci
Novovax could see gains after COVID-19 vaccine orders roll in90 million vaccines have just been purchased by the UK government and the US is also in talks to purchase COVID-19 vaccines.
NVAX PT swing $177over $154 and I'm looking to take this to $177. $110 was the bottom. First Pt is $168 but the overall move is to $177 for the swing.
NVAX LONG D1 (extra entry)📈 LON G D1
🛒Risky entry (1%-2% risk) ~ 178.5
🛒A more reliable entry (2%-3% risk) = above 190.30
🎯Target1 = 209.5
🎯Target2 = 240.80
🛑Stop loss or cancel trade = 159
WHOOOO WHEEEE - JPM Calling NVAX To 275 Today On Drug DataThis is one of the more insane calls I've seen of late. Last night NVAX released drug data which was interpreted as a huge positive, and thus the stock is rallying this morning, especially following a JPM call that the company's fair value is $275. That's quite a bit of headroom from where we are now, and also about 70% upside from yesterday's close. A quick look at the momentum suggests that we might actually get there, but personally I'm skeptical. I'm not convinced that the winner of the Covid - 19 virus race will actually rake in profits from it, given how political finding the cure is, and how it seems unlikely that it will be sold for anything but at cost, probably around $10. Just some speculation. Definitely a situation to keep an eye on though. I''m looking for a slowing in momentum before shorting it.
[NVAX] Novavax: Preliminary studies produce promising resultsPreliminary studies on coronavirus vaccines have produced promising results.
I'm still a believer in their technology. Check out my previous NVAX posts and/or the first one. They have a promising technology that could revolutionize the vaccine industry. We (humanity) are already very behind in how we produce vaccines AKA using chicken eggs. So Novavax will hopefully pave the way for vaccines going forward.
Things to watch even after COVID-19:
- NanoFlu™
- ResVax™
- Recombinant Nanoparticle Vaccine Technology
- Matrix-M™ Adjuvant Technolog
TL;DR - To the moon and (probably) back lol
*Note: This is pure speculation and my own opinion*
NY Times: www.nytimes.com
CNBC: www.cnbc.com
NVAX LONG📈 NVAX LONG D1
🛒BUY above = 156
🎯Target1 = 172
🎯Target2 = 201
🛑Stop loss = 1126
🙈Risk = (1%-2%)
#NVAX #NVAXLONG #BUYNVAX
