Novavax, Inc.Short
[NVAX] Sliding Back to $40, Collapse if It Breaks Through
I missed this guy when I jumped on MRNA and INO earlier this week.
Just trying to pin this one down a bit, coronavirus stocks are wild and fun :).
For FOMO stocks, typical support and resistance horizontal lines aren't as predictive and you should instead look to the Volume Profile.
Support should be right around the POC, which is $40.
It should slide down to that and hang a bit before breaking through and crashing down. May bounce back up too but seems unlikely.
All indicators are lining up at the start of a downward channel and signaling a short move too.
June market crash is probably gonna move this more than anything as retail tries to secure their tiny profits or stem their massive losses.
Just trying to pin this one down a bit, coronavirus stocks are wild and fun :).
For FOMO stocks, typical support and resistance horizontal lines aren't as predictive and you should instead look to the Volume Profile.
Support should be right around the POC, which is $40.
It should slide down to that and hang a bit before breaking through and crashing down. May bounce back up too but seems unlikely.
All indicators are lining up at the start of a downward channel and signaling a short move too.
June market crash is probably gonna move this more than anything as retail tries to secure their tiny profits or stem their massive losses.
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.