NVAX trade ideas
Symmetrical TriangleSymmetrical Trangles can break either way. A period of consolidation and is considered a neutral pattern. Triangles can also be continuation patterns. NVAX has broken the upper trendline
Price cam up to form this so touch one is on the upper trendline. The 5th touch can be the charm but not always. This one broke the upper trendline on the 5th touch. Price can be dwelling in a triangle for quite some time. When it pushes to the apex, price is "squeezed" snd as a rule it will finally break one way othe other.
No recommendation
Top U.S. trade negotiator discusses vaccine ramp-up with NovavaxGovernments around the world are desperate to ramp up inoculations in fear of a second or third wave of Corona coming through and potentially decimating their economies if they are forced to shut down again.
Novavax going through a Bolly Breakout with significant volume. Will it be another bull run?
Set alert and wait. Nvax pennant Forming a pennant on daily chart. Johnson &Johnson's misfortune still wasn't enough to push through. Channel resistance intersects with fib resistance at 204.
Public info says vaccine approval expected for UK and US use this quarter.
Entry 204 or pennant break out
targets (Green lines) are fib resistance
$NVAX getting ready for break out Price has been respecting the daily uptrend on this pennant pattern formed on the daily time frame. The pattern its formed suggest a break out will likely follow. With the president trying to get everyone vaccinated as soon as possible im bullish on the catalyst. The daily RSI is in a neutral position, and the stochastic looks to be shifting towards the upside. On the 4hr and 1 hr the stochastic are showing bullish potential with no crosses in the moving averages. I charted this on the daily so ill be looking to buy at least 30 days out. Not much more to say here other than buy the dip.
lmk what y'all think about the TA
$NVAX Novavax Reverses off Major Support
After a 20% drop this morning the stock staged quiet a nice recovery after hitting multiple supports=
- The Fibonacci Golden pocket
- The ascending trendline
- The 100MA.
resulting in a 10% reversal trade.
Lets see what Fridays brings and the possibility for a bounce in the Nasdaq and Biotech sector.
NVAX Round upNVAX gapped down today right into its moving average support. I believe its going to finish its rounding pattern and exceed the highs from yesterday. The 50 sma is at support as well at the 201 mark. I was able to enter at 214, but couldn't post this idea right away. Target is at the top of rounding formation at 245
Nvax ReversalBroke above 217.88 (yellow line) heavy resistance premarket.
Good news has been coming out of this company as far as vaccine trials.
American FDA approval could come around may and with that AstraZeneca nightmare in Germany, early Europe approval could be in play.
stop loss at 217
Targets are Fibonacci (Greenlines)