#Novavax hit the weekly 100SMA and stalling and forming double top. It may pull back on next week.
I 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.
Pretty reasonable target for a retracement, with stop loss just below the range support. Small possibility of double bottoming at 1.17 too! so be prepared for it. Oct 21th $1.5 CALLS