NVAX trade ideas
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.)
Bounce playNVAX has entered the Bollinger Bands and is no longer overbought. Bulls power is even stronger on this red day which leads me to believe a rebound should happen once this reaches a support; the support being perhaps the EMA9.
Long NVAXLong term consolidation on NVAX. Volatile name. Time before a new earnings announcement so its volatility can be placed. Long postition with a stop at 0.95. Waiting for another sudden pop like the one highlighted. If not watching markets, probably worth setting a take profit order to be sure not to miss a bounce into above 1.30 range.
Scale into the dip and wait for the dumb investors and hopefulsStock is trending down, but has large institutional ownership and still has holders that are hopeful. Wait for a low price buy and hold for the hopeful, dumb, or both, to come run it up for the day then sell it to them
NVAX lottery ticketBeginning a move up from the BOTTOM - its a $1 stock. Most of these will go bankrupt. But this one has some nice data behind it and vaccines for Zika/ RSV etc in late stage clinical trials. keep this idea and look at in 1 year - stock has some predicting $12 -- if we get to $10 that is not doubling your money.. its 10x! Oh did I mention the BIll and Melinda Gates foundation are also behind it?? risk 5k to make 50k??
NVAX- Breakout Long opportunity from $1.55 to $2.37NVAX looks really good breakout opportunity. Its just tethering 50 day moving average, a break above will be Long Entry confirmation., and we think it will easily hit 2.40 area.
Trade Criteria
Entry Target Criteria- break above $1.55
Exit Target Criteria- $2.37
Stop Loss Criteria- $1.29
You can check our detailed analysis on NVAX in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 3:45"
Trade Status: Pending
