I wonder how long it takes them to recognize the only shares being sold is by them. I love it when stocks base for so long. One day this will be a rocket ride.
Now I wonder whom is doing all this gapping and Why. I can only Thank You 4 giving me the opportunity to buy back in after taking a profit from U ) : U R sweet, problem is somebody has out thought U. What I buy from U now I will sell back to U at a higher pps.
I wonder if the market maker is accumulating at the 2.89 level for some one. They can't really seem to find any real sellers???? Pretty much the same action as Wednesday and if the Naz. was not halted yesterday I wonder if the pps action would have been the same. 2.89 - 2.90??????? Just acting like someone doesn't want it to move.??????? I keep waiting for the gap fill to add if it fills.
By charts the last time NVAX gapped up and ran was mid 2009 and the gap did not fill until early 2010. So it took approx. 7 months to fill. The 3 barrier is proving to be a tough resistance to crack. The last time it broke 3 it ran hard and quick to approx. 6.25 in a couple of months on very strong volume. Neglecting the blow off top up to around 8, then crashed to 2.
I think NVAX has a stronger footing this time around. However the past does not always predict the future.
Just a thought. Terrorists trying to hack US stock markets by overloading computers with HFTrs. Throwing markets into a tizzy??????????? Happening too often. Naz needs to get upgrades to slow HFTs down. IMO they are making the mkts. too iffy.
This is a MoMo trading stock at the present. I would watch 1.48 - 1.50 area for support, that would be a Fib. retrace area. I am disregarding the wild open. Strictly looking at 1.26 area to 1.90 area. Head and shoulder pattern takes a while to form.
Stock needs a rest to consolidate after making new 52 week high. 3 out of last 4 days were high volume buying.
I have been watching and hoping to pick up more shares there. We'll see what happens
That is what the accumulators have been waiting for to pick up day trader shares.
The stock retraced to a Fib. level support and bounced right back good sign accumulation is under way. I bought the Fib. level retracement.
Furthermore Bar Charts Indicators Short tern 100% Buy, ... Medium term 100% Buy, .. Long term 33% Buy, .. Overall 88% Buy.....Support 3.06....... Pivot 3.25........Resistance 3.44.
StockConsultant Mostly Bearish due to strong Bullish 3 day chart pattern.
I'll stick with my own mathematical model and what it's number suggest
To each their own just do your DD and avoid emotions and gut feelings. There are all types of traders short.......Medium.... and Long term. Me I am more long term and play excessive swings to my advantage to accumulate (or sell) as many shares as reasonable before the big move which could be days, weeks, months. All news dependent. But I do suspect if and when CH is lifted there will be a strong move towards 3.50, then 3.75.
I think PSTI has bottomed for the yr. at 2.50 area. Could it be and Elliott Wave bottom yes for the yr. No Longer term. Time and news will tell the story.
cal........Tea leaves. Look at 3 and 6 month weekly. EOW this past week better than week before. Strange Day Aug. 9th. To me looked like a possible turn. The reason for the turn One can only guess, I think speculation of CH lift. Pretty confident most retail hands have sold. MACD and RSI both looking more constructive. A close above 3.25 also constructive noticable as candles. Resistance of monthly 50SDMA should provide resistance and it did. Support of monthly chart weekly showed support at 20DSMA also constructive IMO. Double bang wick at 3.34 resistance proven to be on Friday is in line with 50DSMA on weekly. I think that is the area to crack through, then should provide support. One never knows for sure what Big $s will do, IMO they will play it based upon what other Big $s do, we retailers do not count at this point most have been flushed IMO.
Next week I suspect #s to look for support 3.17 - 3.22 perhaps (3.25 which was support area before CH) Resistance 3.34, again looking at weekly charts on a monthly (1 yr. and 2 yr.) 3.34 was resistance in Feb. and Jan. I also note that from March 2012 to Sept. 2012 Fib. retrace # for support is around 3.35 ish. So I think 3.34 - 3.35 area is very important from perspective of short and long term charts. I suspect if someone is wanting willing to Day Trade those would be areas to pay attention to. 3.17 to 3.34. Me I will add another small piece at 3.17 area and or break 3.35 with volume. IMO 3.05 would be a gift that Instys looking to get in would be gobbled up quickly. But as always news trumps charts and with low volume low floaters Big $s can move the pps to where they want. All just my opinion as I see the charts and my mathematical model developed specifically to stay away from standard charting tools but to provide clues where a stocks support and resistance levels are. My math model has been developed around multiple types of charting techniques it does not pertain to any one particular type of charting style.
There are going to be many more nuked out jeffs appear as chart is looking very constructive because the 2.75 area was re-tested so quickly, with such strong volume. Hopefully they will gap down monday and fill thursdays gap up. I hated they did that gap up. But ok I plan on adding to my position at the 2.50 - 2.51 gap area. The break thru 2.75 really was very constructive as IMO it says instys are adding, but a bit too quickly, so they had to rein her in today , we don't want an INO on our hands ( A Moon Launch That quickly Fell Back To Earth). Mark my words there is demand for this stock and there will be many games played as instys try to get your shares. I almost sold part of my position yesterday, but decieded not to as demand is too great. When new contract and payment milestones is released we pop. There should be very little overhead moving on up. IMO a close over 2.75 opens the door for a quick move to 3 where I suspect to see some consolidation between 2.75 ish and 3, an area in which I intend to do some quick flip trades. Then A move to 3.25 with consolidation again accompanied with some quick flips. The quick flips will only be so I can accumulate more and more shares with each flip of the coin. Then a move to 3.50 which will be the makings for the big breakout to 6, All Pending upon the news ... Look at Point and Finger Charts it is all right there to see.
The nuked out jeff types and itiskies need not respond U R either clueless or working for a firm to get retail to sell, or perhaps trying to make your own short positions profitable, your agendas R obvious to me so go attack somewhere else. U will only waste electrons on me, the writting is in the charts and on the walls. Very little overhead resistance IMO.
Yea they found a few quick flippers and small HFTs. I am gonna guess another surge EOD. They don't want it thru 3.35 that could produce a surge to 3.50.