DrSammyX

Novavax NVAX

Long
DrSammyX Updated   
NASDAQ:NVAX   Novavax, Inc.
Accumulation or distribution? Wychoff wants to know! Phase C, Spring Stage? M.Cap is below CASH, Best in Class vaccine with over 43+ International Approvals.
It’s just amazing what Nova’s teams have be able to accomplish(for its size) around the globe!


Comment:
Looking for evidence of Accumulation + Duration of Phase C
SI from Mid Aug went from 08/15/22 15,491,779 to 10/31/22 22,445,349. Almost 7Mil shares shorted during that period. Don't see evidence of Accumulation, Yet!
+ Duration of Phase C: if we assume, Phase C started in mid Aug after it broke (34.88) Support in Phase B, the duration of Phase C is expected to be shorter than phase B & Price needs to be above support in Phase B; Which is not the case, Yet!
Trade closed manually
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