These are my thoughts and positions,
1. Appears that NVAX has opportunity for breakout as pennant matures
2. Price is trending healthily above 200 EMA.Price is also above and respecting the 50 EMA like they're in a long term committed relationship celebrating Valentine's day.
3. Notice the mid term higher lows signifying bullish strength
4.Support market structure at $2.10 -2.20 is displaying strength.
5. Profit Target One $4.2,
Stop-Loss $1.47
6. Bullish on NVAX and mid to long term trend continuation.
1. Appears that NVAX has opportunity for breakout as pennant matures
2. Price is trending healthily above 200 EMA.Price is also above and respecting the 50 EMA like they're in a long term committed relationship celebrating Valentine's day.
3. Notice the mid term higher lows signifying bullish strength
4.Support market structure at $2.10 -2.20 is displaying strength.
5. Profit Target One $4.2,
Stop-Loss $1.47
6. Bullish on NVAX and mid to long term trend continuation.