I wrote this in response to a comment on a previous update, but I'm publishing this here because some others have requested an update as well. Remember: I'm just some dude on the internet and I'm not a financial advisor. So please keep that in mind. For me, personally, NVAX is a patience game. I have no idea on timing. Structurally, I think the NVAX chart...
I was wrong about the potential timing. But this still looks promising to me. This looks like a solid reaccumulation for NVAX. Should go up with the Russel 2000 if that ever has a breakout this cycle. Just my best guess.
This is what I see. I think the NVAX chart is very bullish. I'm anticipating a FIB retracement in the coming months. Who knows if this will actually play out, of course, but it's what I'm looking for.
In my previous idea, I showed how the NVAX chart had completed a textbook Wyckoff accumulation schematic, and the resulting big move upward into the "sign of strength" phase was almost exactly as predicted. As of today, we've just about completed a textbook Wyckoff "sign of strength" phase. The last time we saw this same style bull flag on the Novavax chart, the...
It looks to me like NVAX is completing a textbook Wyckoff Accumulation schematic. I believe the bottom is in and we've double-tapped the spring. Now it's time for the "wall of worry" as we head back up toward fib extensions. Just my humble opinion.