Very strong support 2.48 - 2.50, 4 strong bounces off that area in 3 months, all from a short lower candle wick.
Just maybe that 11.84 - 11.86 area may turn to a solid support area. Interested to see if they tap that area again today, if so it should make it stronger. I am going to guess yesterdays big spike may offer up some resistance. It appears yesterdays spike was mostly institutional dollars looking at the volume, but who knows how many retailers chased it up and are looking for an exit and just maybe those are the shares the Institutions are after. This is in big money hands so is all we can do is wait and see where they are going to take it. I do think they will give it a dip to shake shares out before they let NVAX move up again. They want all the cheap shares they can get.
alerts.............don't worry about the baboons here. Some think they know it all and in fact they are either clueless, afraid to learn or would rather hype the stock and ignore the facts.
"This is an ancient Japanese method of technical analysis, used in trading rice in 1600's. It was used in trading rice contracts from 1710 onwards. So candlesticks are also called 'Japanese Candlesticks' or simply 'Japanese Candle'.
The history of candlestick charting dates back to 16th century. It was developed by Japanese traders in 1600's, to trade rice contracts. Until about 1710, only physical rice was being traded. Later a futures market emerged where 'coupons', were issued, which were records of promise of delivery of rice at a future time. This is the beginning of futures trading."
I can't help but laugh at them, they are always good for a chuckle. I think you can already see who some are.
Some here actually believe Institutions and Big Dollar funds don't use any TA. I know better.
alert........... many here do not like neg. comments. You are correct, the shooting star is a one day candle, with a 59% probability of fullfillment. EOD will tell the story. This will go where big money wants it to go. Many times NVAX has went back to test the 20 before another Power Move. We will see what they do this time. No matter what others say about charts when up here at new highs, patterns have a tendency to repeat themselves everywhere. Yesterdays 11.84 tap made my numbers 5 for 5, within my % error of calculations. THXS for bringing the Star to my attention. Now watchem accuse us of being one in the same.
By the way some of my profits from NVAX went into another stock last Friday that is now up 18%. While NVAX is up approx 6%. So I am up approx 3X from NVAX sale of trading shares. hmmm Guess I am a bad trader / investor. You do your thing I'll do mine.
Do not try to push your strategy on me. I started buying NVAX in the 2s, so I am sitting on a very nice 370 + % profit on thousands of free and clear shares in less than 2 years. I do believe I have completed all necessary DD, otherwise I would not have started buying in the 2s. I don't give a sht what you think or what you do. I prefer to take some of my profits and start again with another stock. By the way I also sit on many other stocks with thousands of free shares. My game plan has worked out very well for me and I have all intentions of sticking to it. At one time I had some respect for you. But when you start your preaching and grandstanding as a Mr. Know it all. to iggy you go. Arrogant you betcha.
I don't put all of my ducks in one boat, diversity works for me.
You will never go wrong taking a profit on trading shares and holding long term core. Yea may limit profits but also limits risk. Taking profits affords one to have dry powder just in case. IMO all or none is not a good trading strategy. Once at free shares if solid company let it ride, while looking for another.
You need to do some % increase calculations.
Up 35% in approx. 1 month
Up 57% in approx. 2 months
Up 103% in approx. 6.5%
Up 204% in approx. 9.5 months
All this with many millions of shares from the Public Offering and Modi sales out into the open market. I would say these % increase are extremely impressive.
Nothing goes straight and stays. I am surprised we are consolidating up here in the 12s with such a strong Gap up and all this with no major trial results announced. Is there another company you can point out that has been this strong.
I always see Red Flags when a stock trades this long below the Public Offering. I like the thoughts and direction of the company in general. Also IMO low insty. ownership makes it a bit shakey. I am like a Bow Hunter patience and wait. Tissue on a chip is a good idea but we will see how they progress. I have other stocks that I have free shares in that I will swing trade. From 3.57 ish to todays high with a gap, with low volume. I am in no hurry I will wait. If I miss it so what there are others. Besides I think ONVO has plenty of time. Trading below the monthly 20 , 50 and 100. And trading on low volume. It has been on my screen since mid May. So no, no quick search here. To draw conclusions on insufficient data is not me. For me all of the info. is not in on ONVO. And I ain't chasing it Period End of Story. I don't mind sitting on some Dry Powder. I don't trust big moves on low volume about 11%. Could be good could be bad??????? Jury still out.
I never chase a stock, if I buy it is on a sell off. I sit back and wait for it to come to me at my price. I don't day trade or quick trade.
Too small for me, volume too low I can't get any kinda of meaningful numerical analytics with such low volume. No patterns.
vaxe......agree I should start a set of rules that must be passed under D.D. . Those would certainly be among the top if not at the top, tests to pass. Hint google Will Lewis, INSM 2me another perfect example a know how kinda person. Me been there 4 a long time all shares free with profit in pocket. Put it all on Black 24 and let it ride. Plan to do same here.
pat...........thxs saves me some digging. Had not considered the comparative analysis studies, very good thought. That helps to explain why trading under P.O.. I am interested in longer term and ridding the waves. I do some swingers but only with stocks I have tracked for many yrs. and have free shares in, so sometimes I will do a little swing around the free cores.
To me your thoughts is what these boards are all about, helping each other.
Thxs again, we are but little fishies in a big sea of sharks.
skee.....Ok sorry I thought you were talking about something I wrote. So Yes I was defensive cause I never said such. No iggy. These boards can be confusing when posts are added in the middle of a thread. That is why in a response by me to someone I try to identify to whom response is intended. I try not to hype one way or another just simply supply theoretical #s before the fact. #s After the fact are meaningless. And that is why on another post under Power Waves, my theoretical retrace for today was 11.70 - 11.84 and so far it has held which IMO is all good.
I have no idea what you are talking about. I understand Einstein's theories, not as well as some but better than others. I am very well versed in the life sciences and medicine, not as much as some but more than others. Today I focus on predictive TA and #s after having competed as much DD as possible.
U R an idiot that doesn't deserve as much as I have given above. To iggy U go.
vax...........couldn't agree more. I got very arrogant once, thought I could do no wrong. Dropped .75 million in a couple of months, took my eye off the ball, lost focus.
So I stepped back, watched, learned and developed a theoretical mathematical model that I live by today. After developing the model I came up with a set of rules based upon past performance of many many stocks and patterns. Today I call it Theoretical Predictive Technical Analysis. After doing a complete and very thorough due diligence of the company, science, officers and past performance of officers and scientists. I start tracking my model to the real stock performance.
Some basic rules
#1 I do not chase, let it come to me
#2 the actual performance must match my model 3 out of 3 times, within a predefined % of error, nobody is perfect.
#3 make small 1st entry, continue tracking real performance using as many TA tools as possible, including model being #1.
#4 If model and theory match, make 2nd entry at support, in stair step fashion... continue
#5 If new stock breaks my #s..... exit portion (trading shares)
#6 if a stock moves at a steep incline, ( I chose 68 degree incline), take profit, not all but some.
I have applied my model and rules to NVAX since the 2s and have done extremely well. I sold on yesterdays jump because of rule #6. I still hold very profitable shares. If NVAX goes to zero today or tomorrow. I still end up with a profit. I am using house money now.
And now time to begin research on another new undiscovered / under recognized stock with promise and a need in the future. NVAX is my 3rd hit, looking towards a #4. #1 I only tracked did not buy into. I work with ideas like hypothesis....theory...track...apply.
Know what you own, why you own it and take profits along the way, so I left some profits for NVAX behind by selling some in the 11's vs 12s. But I will never make the million dollar mistake of arrogance again. Admit your mistakes and learn from them.