Weekly Chart
Dynavax Technologies Coroporation ( NASDAQ:DVAX ) has broken up descending trend line and trading at $14.35 now
- Return on Equity over 72% on 2022 and over 55% on Quarter I/2023
When DVAX retest the support to confirm breakout and if it's true that a good chance to buy for mid-term
Wait for next move
Flat formation with C wave underway. Some fib levels are shown, as with most flats the expectation is the C wave will end more or less around A/B pivot.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it...
NASDAQ:DVAX
Possible Scenario: LONG
Evidence: Price Action,
I expect it hit the resistance line at 22.5$
Call options, strike 20$, 11/19/2021.
Call options, strike 22$, 10/15/2021.
*This is my idea and could be wrong 100%.
WATCHING $DVAX for entry at 11.50 Analysis & Key Levels
Red = Resistance
Green = Support
Blue = trend lines
180 EMA = Purple
I am not your financial advisor. Anything can happen… I’m just posting what I see… but the risk is on you if you decide to trade the setup with me.
I certainly don’t win them all so be mindful of your position sizes and do your due...
DVAX retracement plotted using recent lows and the high from Aug 2018...figured that would be more than enough on the big picture to see any potential levels of interest. In this case, sure enough, there were. Mainly, the 236 fib line has been an area of higher traffic over the last 3 years. Further, DVAX has yet to establish a substantial support above this...
While we always look for bullish and bearish patterns, some stocks just fail.
DVAX is forming a nice cup and handle on the daily. But zoom out to a weekly view and it doesn't look good.
Stay safe and good luck traders!
Long term I am bullish on DVAX. But the market is already topped up and it is crying out for a correction to 6.8 area.
There are fundamentals (quite a few in the pipeline) that support the bullish idea but before any bullishness, it needs correction. I have closed my long positions at 10.7 (from 4.5) and waiting for a good entry point.
if you liked this...
What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers...
