These are my thoughts on VXRT. They are meant to give you an idea, not trading advice. Vaxart turns vaccines into pills because pills are much better in every way. Vaxart has done this before, so it can do this again. Will this be the second Novavax? Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADE
VXRT is currently at support and also under a resistance downtrend line. Hedge funds and insiders sold the bottom at $3, so at this point, the only people holding are retail. . . which means that if insiders and hedge funds want back in, they'll have to pay triple. LOL.
We could be in ABC correction. Anything below 15.50 and the trouble starts.
Will the breakthrough come for VXRT? Looking for a small pop with some good news with their current research into a vaccine...the race is on
Price Volatility is mainly due to the Fundamental Analysis. Not a lot to say on Technical Analysis Vaxart Inc. VXRT, +28.43% said Friday its oral COVID-19 vaccine has been selected to take part in a nonhuman primate challenge study funded by the U.S. government’s ‘Operation Warp Speed’ program, that aims to accelerate development of a vaccine. Shares were up more...
Please note: just sharing my view. its not a recommendation for buying or selling.
If this falls below the 20 ema tomorrow. I’d expect to see some resistance between 2.40 and 2.00 This may bounce off the 20 ema tomorrow. We shall see. Honestly since this is in the bio sector I’m pretty skittish on this one. I picked mitt last week as a financial swing and that worked out nicely. Check my analysis on it. That run may not be over yet, but...
Stay alert here, trending below diagonal support on short time frames, needs to stay above otherwise large short is likely. I personally will sell on confirmation of break of support. Otherwise holding. Not financial advice, just what I am doing.
All, This may drop to $2.30-2.50 but after that should be a move up. We are moving into a previous consolidation area. The news etc outlook prior to the virus all look like it should move up. However, you never know so keep an eye out of course. We should see some movement this week for sure.
VXRT stock had a great run today due to positive news from their norovirus vaccine. Shs Float is at 3.96M and their market cap is 16.12M. We will be watching this for a continuation play tomorrow. Watch my full video review for $VXRT by using the link in my signature description!