NVAX trade ideas
(Nasdaq: NVAX) Novavax at a glancecheck out the article @:
msmoneymoves.com
this is my opinion and should do your own DD before investing
Looks like a very healthy retracement possibleI think this has a lot of potential for a nice swing trade. What do you think?
NVAX Bullish PennantThese are my thoughts and positions,
1. Appears that NVAX has opportunity for breakout as pennant matures
2. Price is trending healthily above 200 EMA.Price is also above and respecting the 50 EMA like they're in a long term committed relationship celebrating Valentine's day.
3. Notice the mid term higher lows signifying bullish strength
4.Support market structure at $2.10 -2.20 is displaying strength.
5. Profit Target One $4.2,
Stop-Loss $1.47
6. Bullish on NVAX and mid to long term trend continuation.
Upward Trend for the NVAX Medical stock Easy upward trend looks like it could surpass passed highs in recent months NASDAQ:NVAX
NVAX impulse wave is expected...NVAX impulse wave is expected. Based on W1 technical analysis, a very significant impulse wave may develop in the exchange rate. The pulse amplitude can reach 6 usd levels. As we have shaped our strategy for this impulse, we are moving along this. The correction of the resulting pulse wave correction is expected to be 5.66 usd. The yellow rectangular movement is lateral, followed by an increase. The second strong rising wave, albeit momentum, is far below the pulse wave characteristics. The acceleration of movement is indicated by the steeper ATR axis (purple line). The second target rate may be around 10 usd levels.
NVAX - Downward channel breakout long to $1.58 and higher NVAX - Big insider buying, retesting support. Possible long here with stop signal at 1.27. Short term target 1.58.
Novavax (NVAX): a super-risky investment value propositionWhile Novavax has some positives, it is not a good candidate for new money. Novavax's two marquee programs, RSV F for maternal vaccination and NanoFlu are not doing particularly well, as they are getting delayed.
RSV F for maternal vaccination is now in Phase 3, but many investors are wondering if it's a viable drug. Even if Novavax successfully meets the development challenges, it may face strong competition from other biotech companies.
One possibility for Novovax is to be bought out, in which case the stock may be underpriced.
www.finstead.com
Channel upNVAX looks like it may continue up. IT has a couple candles that I have circled that show bullish power- the hammer and then the huge gap up to close in the red. This consolidation seems to be building up to something.
NVAX - Bullish Swing TradeThis is my second bullish swing trade on NVAX in a week. The first trade ended with a small gain, I exited the trade early because earnings were the next day and I didn't want to hold through earnings.
I entered the trade later in the day on Thursday. After a big pullback early Thursday NVAX recovered nicely so I entered at $2.05. NVAX looked pretty strong on Friday so I am hoping for more follow through this week.
NVAX - Bullish Swing TradeI am a little late publishing this chart, I entered the trade on Friday. NVAX has strong support at around $1.96 and has bounced there several times.
My target is $2.34 and depending on how strong NVAX looks I may just take a partial there and trail my stop behind the rest.
NVAX - Fib Retracement + Trend Analysis (SHORT)NVAX is attempting to break a pretty critical support.
If we take a confident move to the downside, expect these price targets to be attempted as new supports.
NVAX possible ABCD patternI'm just learning to read some stock charting trends. Wondering what you all think of this.
NVAX - Long from Pull back support at $1.73 to $2.37 & higher NVAX had huge run on very big volume, and now its pulling back to support. It has big % insider buying. We think it will continue upward from its current label.
* Trade Criteria *
Date First Found- January 17, 2018
Pattern/Why- Aggressive reversal play potential
Entry Target Criteria- Current label ($1.73)
Exit Target Criteria- 1st Target $2.37, 2nd Target Momentum
Stop Loss Criteria- $1.56
Indicator Notes- Big insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
