NVAX is attempting to break a pretty critical support.
If we take a confident move to the downside, expect these price targets to be attempted as new supports.
NVAX had huge run on very big volume, and now its pulling back to support. It has big % insider buying. We think it will continue upward from its current label.
* Trade Criteria *
Date First Found- January 17, 2018
Pattern/Why- Aggressive reversal play potential
Entry Target Criteria- Current label ($1.73)
Exit Target Criteria- 1st Target $2.37, 2nd Target...
NVAX has entered the Bollinger Bands and is no longer overbought. Bulls power is even stronger on this red day which leads me to believe a rebound should happen once this reaches a support; the support being perhaps the EMA9.
Long term consolidation on NVAX. Volatile name. Time before a new earnings announcement so its volatility can be placed. Long postition with a stop at 0.95. Waiting for another sudden pop like the one highlighted. If not watching markets, probably worth setting a take profit order to be sure not to miss a bounce into above 1.30 range.
Stock is trending down, but has large institutional ownership and still has holders that are hopeful. Wait for a low price buy and hold for the hopeful, dumb, or both, to come run it up for the day then sell it to them
Beginning a move up from the BOTTOM - its a $1 stock. Most of these will go bankrupt. But this one has some nice data behind it and vaccines for Zika/ RSV etc in late stage clinical trials. keep this idea and look at in 1 year - stock has some predicting $12 -- if we get to $10 that is not doubling your money.. its 10x! Oh did I mention the BIll and Melinda...
NVAX looks really good breakout opportunity. Its just tethering 50 day moving average, a break above will be Long Entry confirmation., and we think it will easily hit 2.40 area.
Trade Criteria
Entry Target Criteria- break above $1.55
Exit Target Criteria- $2.37
Stop Loss Criteria- $1.29
You can check our detailed analysis on NVAX in the trading room/ Executive...
