A lot of small - mid cap Bios hit at approx. the same time, perhaps an index or another broad fund needing cash. NVAX didn't seem to nose dive as much as others.
Oh yea I am not trading....Just noting the Big Boyz have destroyed the volume. There are other stocks to trade, this one I sit on. Well I did sell some way back and recently bought those shares back.
ouabra45............Just make it simple you don't know what it will do today...........the only ones that know are the ones trading the large blocks. There are daily support and resistance numbers however the big blocks can flip those numbers in a heart beat. Long Term We move UP
Good solid positive news and NVAX will move up big time. We are now firmly into the 2nd leg of a 3 step mower move.
As per Pivot Point Analysis:
Daily Resistance = 7.82 , 8.06
Daily Support = 7.48
Weekly Resistance = 7.74 , 8.06 , 8.37
Weekly Support = 7.28
Intra-day Theoretical Re-tracerment as support as of 11:00 = There is always the possibility of the gap open closure, with no gap closure T.R as Support = 7.82 + / - 0.01
With this volume we just might print 8.03 today
7.45 Considered as a break out number
Shaping up to be a very interesting week pending upon what mkts. in general do, do we follow index trends or do we trade on our own this week?
I would think volume would be key indicator........followed by pps increase....may happen at same time but probably not ............due to extreme short interest and other issues surrounding latest cash raise.
charlie.... The big house money knows how to work the psychology. They know most retail buy on the way up and sell on the way down. I suspect some retail sold because red today and lost money and will buy back at higher than they sold at, HFT scalpers love that. IMO don't even try to beat them at their own game.To me an overall slightly negative day. Could be numerous reasons as to why. I agree tricky to play the quick in and out game. I suspect at least one big house wanted to see how low they can drive pps, by constantly unloading small lots and how many sellers shares they can pick up. While paying attention whom else is picking some of those shares up. Head Fake this morning on low volume looked suspicious. Me long term and buying the fake weakness. Would be a shame to be out when any type of positive could come at any time.
rez.and jack I am not as knowledgeable in those areas as you 2 are ..........so I rely upon your knowledge. Just not sure how to add all those variables from the last offering into the equations.
Thxs for input. However NVAX volume has been declining for 5 trading days after that 9.1 million day when close was 6.97, so I am sure all of those variables from last offering have come into play. I have been more focused upon the HFTs Daily Algos.
Yesterday resulted in a very positive trading day technically. There was one negative and that was low volume.
With a close over 7.45 NVAX moves to 95% Bull, as many see a close over 7.45 NVAX is now thru a resistance zone.
Secondly; If you consider June 14 and 27 as the most recent low of 6.28 ish (2 times we bounced off that area), to the 2 tops of 7.50 ish. 7.03 would be the higher end of a re-tracement value or support value, (as I stated yesterday morning). 7.06 / 7.09 was yesterdays low and we bounced right off that area, so we stayed above the 7.03 good sign of support for shares at that price.
Thirdly;many times But Not Always a quick lower candle wick, as in yesterday morning is indicative of sellers being exhausted, the sellers shares were quickly snapped up,(coulda been removal of stops : doesn't matter, the quick lower wick is what is important).
NVAX closing firmly over 7 produced an "X" in another ascending box reversal form a Point and Finger charting perspective.
My favorite is NVAX firmly closing over a major inflection point of the weekly 50 and 100 DSMAs, which are at a crossing point, (still wanta see that 50 turn upwards).
I believe the above will draw more larger buyers, a Technical Confirmation that many large investors look for.
As I stated before the zone from 7.45 to 7.60 ish is an air zone, should be very little resistance. Lets see what The Big Boyz do 2day.
If mkts. stay positive and we get some good volume and get thru 7.60 look for 7.74 ish, 8.03 and 8.15. Also as I stated before thru the 7s to the 8s technically should be ezy. If algos. continue as they have the mid 7.20s should provide support 2day if they decide to take NVAX down.
I have many formal TA Tools I use, as well as my own mathematical models, of them there is only 1 negative and that is volume, volume = conviction.
The more TA Tools one uses and the more that point in the same direction the higher the probability of success.
As always news trumps all
The last time NVAX had such a long lower wick we went up approx. 15.82 % in 3 days, with volume we could repeat that. Somebody Big is adding shares.
Sorry YMB auto corrected to it's own way of spacing. You will have to do a bit of ciphering. Example ; May 2 thru May 6 2016.......R1= 5.02 , R2 = 5.17 , R3 = 5.45 , R4 = 5.59 , PP = 4.89 , S1 = 4.74 , S2 = 4.61 , S3 = 4.33 , S4 = 4.05..
If you space correctly Rs 1 & 2, PPs and Ss 1 & 2. The Trend is evident. As always things change with news.
Happy 4th to all.
I am posting my spreadsheet of Pivot Point Analysis ; where R = Resistance 1 - 4 ; PP = Pivot Point and S = Support 1 - 4. I take the average Opening, Hi, Low and Close for the week and calculate the Rs, PPs and Ss. These are factual numbers of how NVAX has traded since the bottom there is no interruption from charts. You can't lie about factual numbers. The trend is the thing to pay attention to, it is your friend. After our turn from week of 5-9 thru 5-13 2016, PP has steadily increased, The BREXIT Fear produced some abnormalities. Most MMs only use 2 Rs and 2 Ss.
For those that want to argue the facts from Investordepia;
For many years, traders and market makers have used pivot points to determine critical support and/or resistance levels.
Date R1 R2 R3 R4 PP S1 S2 S3 S4 NOTES
May 02 to May 06 - 2016 5.02 5.17 5.45 5.59 4.89 4.74 4.61 4.33 4.05
May 09 to May 13 - 2016 4.68 4.83 5.12 5.41 4.54 4.39 4.25 3.96 3.67
May 16 to May 20 - 2016 5.13 5.25 5.54 5.83 4.96 4.84 4.67 4.38 4.09
May 23 to May 27 - 2016 5.74 5.86 6.10 6.34 5.62 5.50 5.38 5.14 4.90
May 30 to Jun 03 - 2016 6.29 6.42 6.69 6.96 6.15 6.02 5.88 5.61 5.34 Holiday 4 Day week
Jun 06 to Jun 10 - 2016 6.76 6.96 7.36 7.76 6.56 6.36 6.16 5.76 5.36
Jun 13 to Jun 17 - 2016 6.76 6.90 7.19 7.48 6.61 6.47 6.32 6.03 5.74 BREXIT FEARS
Jun 20 to Jun 24 - 2016 6.89 7.01 7.27 7.53 6.75 6.63 6.49 6.23 5.97 BREXIT VOTE
Jun 27 to July 1 -2016 7.21 7.40 7.80 8.20 7.00 6.81 6.60 6.20 5.80 BREXIT EFFECT
Read up on PPs, a good additional trading tool to add to your box of trading tools, helps even more when you can combine with Jap. Candles, or do daily PPs. There is No 1 TA technique. Been a biatch getting this SS posted on YMB.
They have tightened up their numbers. Acting like they don't want this into the air zone of 7.45 - 7.60 yet. Air zone little resistance, formed back in early January. Gonna be an interesting day.
Hey ouabra45........turn the chart over you are looking at it upside down. Weeklys, out of 7 weeks NVAX closed positive every week. 6 white sticks and 1 red stick. That one red stick was probably due more to BREXIT than NVAX proper. Each week closed with a rising Pivot Point, rising Resistance and rising Support. I use average of weekly Open, Hi, Low and Close to calculate the Pivots.