CheelooTrader

NVAX - Capitulation move might be next

Short
NASDAQ:NVAX   Novavax, Inc.
Doomscalling can be fun at the ATH when valuations are through the roof, but are most overlooked when price seems enticing, should be higher *because it was so high earlier*. But that's when the price is the most vulnerable.

From what I see on the 3 Day chart, flag breakdown is in progress.

Downside target is 54, which should find good support.

Be careful if you are long.

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