NVAX trade ideas
Potential Short Set Up This price zone could see short term buying support. However, watch this region to see if support turns into resistance which would send price under $5
NVAX Day Trade Retest Gap (Brad Reed Mar26,2015)NVAX expected around 7.32 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
NVAX still moving upI believe NVAX will continue to move up over the next 1-2 weeks, until it hits $9.85-$10.00. At this point, I think it will hit resistance at the longer term upper trend line. I am also watching to make sure it remains within the upward channel. If it breaks out to the right, I'll exit my positions.
Nvax - Negative divergence on CCIJust noticed this after re-looking on my chart. I bit some fingers cursing not getting into it at 3-4, because 4.50 - 5 is a place the stock traded a long time for and likes that range. But it held the whole market slump and reload quite good...too good. There is a negative divergence on CCI, Other indicators on tops, and earnings looming soon. Also it is closer to the resistance of a trading range it followed for some time.
With this, other Biotechs are doing quite well, IBB does exceptionally well, and should any news on Ebola appear NVAX may get another raise. Otherwise, seems to be setting up for a corrective action. Even though the whole world today is lifted by Japan, stocks is in red. Some on stocktwits say 6 is in play next week. If it is, i imagine the technicals are going to be pretty overbought...given that CCI and RSI have already spent some time in that territory - and it is not so often they spend a long time there.
Anticipation of Phase 1 Ebola Trial Sends This HigherMention Ebola and boom break out!
finance.yahoo.com
Accumulate under $2This stock has a long term patter consisting of slowly breaking down PPS (Below $2) then a rapid spike upward (Above $6).
This pattern of below 2 to past 6 has occured 5 times in the past 15 years.... That means major returns for those who can accumulate and then dish shares at a 200% gain every few years.
working on a handle here but structure is troublingAnticipate a retrace to test fib supports. Notes on chart - wait for confirmation of support before initiating new longs
