Valneva
Short Term - We look to Sell a break of 11.58 (stop at 12.61)
A break of bespoke support at 11.80, and the move lower is already underway. Current prices have reacted from a low of 11.70, however, we expect further losses to follow. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term...
Valneva is developing a virus-disabled classical COVID vaccine with UK as its first client (Already 100M dosis preorder contract).
At each good news it pumps hard and then correct to the previous ATH before a new round.
By the way, be carefull as its vaccine will reach the phase I/II certification only in april. This will be a big milestone.
News looks positive for this company to produce a new vaccine for the UK, if proved safe would go global. A sound investment opportunity.
Can see it rising today.
As is often the case when you are trading part time like me , you miss news and the initial rise after news, even if you are a trader full time you can't see what happens with everything so sometimes it's a good strategy to see a stock that has had posiitve news and let the retracement happen and buy in at that point. As we can see from the rising channel this...
![VLA: VLA [LONG] Covid Cash](https://s3.tradingview.com/b/bl5e86iu_mid.png "VLA [LONG] Covid Cash")
