NVAX trade ideas
NVAX to $160 soon? I could see a nice bullish couple of weeks for this. a Trend break with a nice, slow bullish flag formed to create an upside down head and shoulders (red arrows)/ triple bottom within consolidation. This also formed the right shoulder of the larger upside down head and shoulders (light blue arrows.)
Don't fall too much into the crypto , In stocks fortune is made Guys , I'v been playing with crypto a lot and i made money but there isn't real things happening there .
Crypto is like pump and dump environment . Yes stocks is being somehow similar but thats 2020 only .
Bottom line don't go 100% on crypto neither stocks .
I'v published dozen of success ideas on last months totaling +50% profits on stocks on SINGLE MONTH, I'm talking about solid stocks LIKE AAPL , NFLX and others .
But you have to master drawing trend lines and patterns and that's takes time. learn the skill take your time but don't lose hope.
Expect upside for the short term followed by massive downside
NVAX has completed its impulse move. Wave A is a leading diagonal which also contains an expanding ending diagonal. This means that there is a large move to the upside that may even pop over the recent maxima. We are currently in this wave B. My expectation is for the move to hit 166.80 as this is the 1.6 extension of wave a within this forming B -- but will not be surprised if slightly higher.
After the completion of wave B, expect a massive 5-wave structure for a wave C to the downside over several months. We shall see.
NVAX: NOVAVAX announced vaccine manufacturing deal... On Friday NOVAVAX announced vaccine manufacturing deal with Endo ($ENDP) - D
Does this mean that the stock may jump higher ?
TP1 = 123.3 expected price increase 9.94%
TP2 = 137.74 expected price increase 23.09%
TP3 = 144.96 expected price increase 29.33%
TP4 = 153.87 expected price increase 36.88%
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novavax it will gain againnovavax technically is giving a good entry with stop loss
if the news get well it well touch the sky
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novavax daily chart / update 1Yesterday's close was positive +2% as we wanted to hold the support and uptrend .
today we continue for the same scenario we want whatever possitive close again.
My first pt if we have good news is 300usd.
ABC BullishThis one seems risky to me, but the pattern is there. Very similar to MRNA.
Long possibly closer to long entry level of 102
I thought this era of the market was over, but have noticed a lot of large player buying of biotech stocks as of late on Chartmill (great site)
I feel this one is overvalued at this point and would definitely get in closer to break out, if I do get in.
Monthly candle is a doji, weekly candle says pull back coming/shooting star.
This could go higher according to the pattern/T2 302 to 360. I think I would settle for targets 1 if I bought this
Trade safely
Not a recommendation
$NVAX Novavax Reversal trade Potential long entry above $127.17 Fib level & the 50MA.
Upside targets $140.79 - $155
MACD Bullish move above zeroline.
Histogram Bullish crossover.
RSI moved bullishly above mid-point
NVAX UP 13%NVAX is HOT right now.
Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end.
What I'm monitoring from the chart:
Momentum, to indicate a possible trend reversal - for now the momentum is still HOT
RSI, also to monitor momentum and buy power - right now the buyers are in firm control
Bollinger Bands, to monitor the volatility and overbought / oversold area - we have been running overbought for days
So at this point, NVAX is going incredibly strong but I am keeping an eye out for a possible sell off or minor correction to enter again with a lower position.
Hit like if you found this helpful
Thanks, E
NVAX SWING TRADEI just closed a trade with 15% profit in NVAX after the recent bull run.
I believe you should not be too greedy when it comes to taking profit.
I predict a small selloff will cause a minor correction, we might see a return to $100 since there are strong selling indicators.
And then a buying opportunity is present.
Hit like if you found this helpful or interesting, thanks !
Regards, E
Novavax possibly ready for positive price action.Up over the last couple days after a bounce off the gap it filled. Not much volume yet, though. Watching...
NVAX Novavax Breaks Downtrend
Potential entry above $113
Upside target to Fibonacci resistance @ $127
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.
