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The NVAX 2nd Wave Has Just Begun

I will be following this one very closely. Today's price action is very alarming having jumped over 20% on the day as volume reached 17 M vs its 6M daily average.

I plan on capitalizing on the hype and volatility that this stock generates and will be sharing some thoughts on the lower time frames.

Current price sits at 14.68$.
Targets lie at 15.90$, 17$, 22.50$ and possibly higher 👀

註釋

4H levels im looking at, we have just broke past an important resistance with huge volume

For my own records i had bought and sold here in order to restructure

and looking to enter at a retest of resistance turned support

the unpredictable volatility of this stock may change plans, stay on your toes

註釋

alright picked up a decent position past two days. made some mistakes along the way and i will add my thought on here for full transperancy to my growth.

註釋

we got the drop after i sold of my initial position but i placed my order at 14$ flat and the low went to 14.03$ and my orders did not execute

That was extremely frustrating, so i waited to see if we would drop but we kept climbing and the 1H chart showed positive signs of trend continuation here

after looking at the 15 m chart i thought the retest might have already happened here on this box of consolidation

so i picked up shares only after the hourly close but the stock fell shortly after. ahhh that was a combination of not enough patience and FOMO

this was my final buy and my position is now set

註釋

OK, so we returned below that line of resistance, but we have successfully completed a mean reversion as price sits on the 0.5 FIB level and above the 50 EMA and have retested that previous high.

I plced a larger order at the 0.50 fib level having funds taken from my position.

I think we look good and can jump to 16$ for a 17% gain from current levels. With the right volume this can happen very quickly as this stock is only at a 2B MC!

註釋

that doesn't look pretty. Going to ride the volatility and not lose sight of the bigger picture, We got CPI tomorrow. Will strike at the bottom one last time

註釋

We holding up here as the QQQ falls following CPI

This is what ill be looking at now in terms of the daily

註釋

very disappointing and unpredicatable. FDA news cause us to tank and well my stop was immediately gapped over. This trade was purely technical and is now invalidated. Best to cut your losses at a potential dead cat. I'm going to stick around to see how true some of these FDA allegations really are.

註釋

We are at a very critical area here, a break below this last line of support indicates to me an earnigns gap fill down.

Earnigns right around the corner and im feeling optimist as Zachs sports it good still and we have seen positve movement within the last couple earnigns.

tradingview.com/news/zacks:39826a3dc094b:0-here-is-what-to-know-beyond-why-novavax-inc-nvax-is-a-trending-stock/

Lets hope for a good one, or its time to call it a day

註釋

earnings pushed back well have to wait a bit longer. again, a break from here and its game over

註釋

couldnt have gotten any better news before earnings! I had my doubts about that FDA halt and hopefully my conviction pays offs. im feeling optimistic.

tradingview.com/news/DJN_DN20241111005967:0-novavax-to-move-forward-with-covid-19-flu-vaccine-after-fda-lifts-clinical-hold-update/

I missed the open today, but we are holding this support well so far. BIG day tomorrow!

註釋

Earnings not impressive enough, Forwards guidance low. FDA not enough to save this. Might have been a calculated liquidity grab. NVAX is breaking support and is likely to gap fill down.

5 天前

註釋

still keeping my eyes on this, surprisingly we have not gone down to gap fill. We may see more upside as there are buyers keeping it from falling off the cliff here