NVAX Short Novavax will issue a statement ahead of their upcoming earnings in a couple of weeks that they have scrapped the plans for a Covid-19 vaccine and now instead they are working on a Covid-flu combo for the next year . The insiders and the main hedge fund manager Peter Kolchinsky have already shorted the stock last week . I fully expect It will be anywhere between $40-$77 in three weeks time . Good luck !
NVAX trade ideas
NVAX Reversal soon Sense a reversal soon for nvax. MA and very strong support levels on $199. At this point, if it gaps down, it will probably gap gaps down 2 levels and reverse within the $175-$187 range. It doesn't seem to like reversing in the $187 to $199 range. If not, it has upside until $225, likewise it doesn't seem to like to reverse between $225-$235,. Then, potential reversals betwen $235-$250, then $285. Until news comes, I think we can expect to be trading within $180-$250. Nonetheless, I think it will extend gains nicely, PT of ATH on this bad boy sometime from now till Jan.
Novavax Analysis 23.09.2021Hello Traders,
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novavax buyNovavax is one of the pharmaceutical companies that is delaying the launch of its vaccine, due to regulatory issues, other pharmaceutical companies such as Pfizer, modern, astrazeneca and j & j (janssen) have an advantage.
There is a potential to buy shares of this American pharmaceutical company, due to the demand for its vaccine in different countries, the ones that stand out for its large population is India, which has approximately 1,300 million people and that needs vaccines to immunize the great Most of the population, India is one of the countries that have been most affected and 39% of its population has been vaccinated with a single dose, mostly of astrazeneca, what I find interesting for Novavax is that it has a agreement with the largest vaccine factory in India and the world and is the Serum Institute of India (SII)
$NVAX - Major Breakout$NVAX broke out of a Symmetrical Triangle in the begginning of August. After the breakout it started to create an Ascending Triangle. $NVAX traded above the $246 key level of resistance for the day suggesting it wants to breakout higher. It is also creating another Ascending Triangle on the 1 hour timeframe, it needs to breakout above $260 to confirm. MACD curling up. All these patterns are very bullish for the stock. Now is the time to scale in! LMK what you think!