6 Month Weekly chart, 2 white soldiers, positive, would have liked to seen 5.50 taken out with greater volume. The volume that put us through was weak however the volume that kicked started us was a bit stronger, need a 3X day in volume would help to confirm candle lit. Even for Obra 5.80. The signal with 3rd white soldier must firmly put us through the 10 - 20 weekly chart cross-over. Until then I expect to see a quick long lower wicked candle clearing the gap, (Note not all gaps are filled). If we can get the 3rd white soldier with a strong move of the 10 crossing the 20 weekly. I see next major resistance 7.75, that would be the weekly 50DSMA. I can guarantee algos. are designed around #s as such. And the Big Boyz are playing with algos. via HFT., They will just change a # in the algo.
Next week is going to be very interesting. IMO the strongest would be a quick lower open clear gap and run up with volume, not saying it is gonna happen, but it would make the chart and stock pps much much stronger.
To All Have Nice Memorial Day.
Working on that 3rd white weekly soldier. Gathering strength to pop thru 6.28, hopefully with strong volume, then 6.65 ....... 7.05......major challenge at 7.75 which is the weekly 50 DSMA. I am sure others see it differently.
Hey goof ball I stated a week perhaps 2 weeks ago next challenge, if NVAX continues it's upward trend next challenge 6.28. Where are we trading at? The only thing we here from you is high 3s.....low 4s.... could go up could go down. Candles one of the oldest charting methods there is Would I like to see the gaps at 5.25........5.36...5.50 filled yes I would. There is no one method......I use multiple types of patterns. The more tools one uses the higher the probability of success. U R the clueless one when you consider all others wrong and you are the only one that is right. Different persons have different time frames and buy and sell based on various reasons. I have developed algos. for trading.
oua..........I am not here to do battle with others only to share thoughts and knowledge. On the other hand U R here to do battle with others and make false predictions for your own benefit..
The way I view the press release. Closed at high of the day, a 45 % increase in approx. 3 weeks with heavy short and put action. Some one more than likely had wind of the press release. Others with more cash than retail must have viewed this as a positive. Otherwise I would have suspected a sell-off, which has happened in the past with positive news. We that follow NVAX should know NVAX is being controlled by big money as are most all stocks.
Conclusion Big Money takes this as a positive. But hey they could change that today, just so we end the week on a positive note as increasing pps. 3rd weekly white soldier very positive as far as a chart pattern goes.
Three white soldiers
From Wikipedia, the free encyclopedia
Three White Soldiers.svg
Three white soldiers is a candlestick chart pattern in the financial markets. It unfolds across three trading sessions and suggests a strong price reversal from a bear market to a bull market. The pattern consists of three long candlesticks that trend upward like a staircase; each should open above the previous day's open, ideally in the middle price range of that previous day. Each candlestick should also close progressively upward to establish a new near-term high.
The three white soldiers help to confirm that a bear market has ended and market sentiment has turned positive. In Candlestick Charting Explained, technical analyst Gregory L. Morris says "This type of price action is very bullish and should never be ignored."
IMHO 3 white soldiers from a weekly chart is even stronger as it represents 3 weeks as opposed to 3 days.
Today should be interesting to see where we go. As for me a re-tracement to 6.18 - 6.21 represents a buying opportunity. I don't rule out the possibility of gap fills. Which IMO would be an excellent buying opp. IF IT Happens.
Hey idiot!!!!!!!!!! Thats U 54........From May 12 to June 2 = 45 % increase in pps a small retracement is in order........Nothing goes straight up ...............A strong stock will re-trace upward moves..........And doing this as the # of shorts increase their position. Is very powerful............We know your agenda..U R nothing more than a mouse about to get eaten. I don't normally converse with idiot, but 4 U I make an exception, just to let everybody know how STUPID U R. Come on open your mouth show us all again just how stupid U R.
Some much for candles ugh (54). Looking like 6.28 was minor resistance, was taken out pretty easily with a little over avg. volume.
Nice 10 - 20 weekly cross, would like to have seen greater volume, but still cross positive.
20 - crossing 50 DMA on the daily also positive, need some consolidation, incline getting steep.
If NVAX performs as in the past this is the 1st step of a 3 step power move.
Resistance as I see it 6.65 - 7.05 - 7.13 - (7.55-7.60 major)
Support 6.28 - 6.22 - 6.15 - 5.95ish - 5.50ish.
We got a lotta gaps behind us, the further we go the greater the odds of a breakaway gap, that will not be filled.
Approx. 20% of daily avg. volume in 1st Hr. and in the green very positive, a sign accumulation and short covering continues.
cyliu.....Nice to see the calls and charts starting to move in lock step. This looks like it is going for new Hi. The break up thru 2.05 with volume was important move. The past 3 days lower candle wick at open then recover = turn around confirmed when accompanied with increasing calls and volume.
Thxs for the info.
I like days like yesterday (6-7-16) open go red (remove stops), turn green with good volume, sell with light volume, (taking some profits). Run up and re-trace in the same day. Yesterday NVAX did what I call a Fib. 3rd level intraday re-tracement. Don't worry Gurus you won't find my #s in any text book. Now if we can just close above that pesky 6.65 - 6.68 level (monthly 10DSMA), the low 7s will be in view perhaps by Friday. You won't find too many hedgies and HFTs trading against 3 weekly white soldiers for any length of time. The last time NVAX had a weekly 10 - 20 cross we were good for a double in 3-4 months. However the last time we had some consolidation before step 2 of a 3 step power move.
Things will always change with news......so charts out the window with news.
Yea really what has America become, a sexist, corrupt, support rapist, lyin, power hungry, no respect for America #$%$ that is above the law and tried to steal Government property (that belongs to the people) from The White House. Yea just the kinda person we need in The Whit House. But then what other choices have we been given. A very sad state of affairs for America. We have become the laughing stock of the world. ALL CORRUPT POLI-DICKERS NEED TO BE IN ORANGE JUMP SUITS and not in a 13k Armni jacket.
The only sellers they could get were the stops taken out and there weren't many.........now what are they gonna do.....hopefully some consolidation around 6.65 - 6.68....then a good push through with VOLUME.
Jack..........Was referencing this morning only...... Yesterday yes Taking profits = planned selling... somebody was buyin those blocks though.............agree no serious trading yet !!!!!!!!! Yesterday PM #$%$ my Theo. Retrace #s..We will C what Big $s do 2day. Hopefully consolidate take a breather..then push up in the afternoon. THXS 4 paying attention to blocks and passing info. along.
Secretary of State " Nobody died in Lybia on my watch". Yea right Killary. A very very mentally sick nominee. Always after whats best for the clinton empire, The people of the U.S. do matter to her. Only Power and Greed.
NVAX needed a breather up approx. 55% in approx 3 weeks. Without much volume seems not many big sellers. Jack how much of this do you think relates to the 6.81 converts or is it more of the 6.68 resistance zone or perhaps the combination ????????????? Me I am glad to see some consolidation.