Don't like the gap up open. Only time will tell if this turns out to be a break-away gap. I am going to put an order in for 5.25 just in case Mondays gap fills, if it does it will be quick. Res. 6.07, 6.28
I am gonna guess Morgan and Citi closing out their nakedness undercover on low volume. Would like to see that resis. break happen on strong upward volume. Volume too low today.
Weekly chart ..............10 crossing 20........signaling potential trend change............hasn't happened since mid June 2015..........expect greater volatility as more and more day traders enter the scene........I think a higher volume would confirm............monthly stochastics also signaling trend change.
zoom I do not disagree with pipeline and potential greatness. However until great news NVAX trading is controlled by others with more knowledge and cash than any on this MB, that includes all of the trading financial platforms / instruments that are a direct result of the most recent financial raise. Very rarely does a stock breakout above a 60 - 64 degree incline without some form of re-tracement. From 4.3 to 5.5 in 5-6 days is an approx. 28% increase, there will be profit takers. And it will probably be Morgan and Citi. They will not let this rocket go until 1 of 2 things. Very Strong positive news or until they are ready.
Point me towards another stock that has not had a re-tracement after an incline of 60-64 degrees. It is the nature of the beast they call the stock market. HFT's play by algos. Algos. are derived from chart patterns, TA and various other financial instruments, created by Morgan and Citi. The mkt. is much more than hopes and beliefs. I am not looking for an argument.
The climb from 4.30 ish to over 5 ( was / is an approximate 45 degree climb), generally any incline of 60 plus degrees in such a short time frame has some re-tracement. For about 4 weeks they ( the pps controllers) based us around 5.50, then sold off or shorted down to 4.30 ish. The question is do they do it again or hold us around 5 as a higher low ? Only Morgan and Citi know as I think they are the ones controlling the trading right now. However news will trump all. If we can hold 5ish we may have a reasonable shot at 6 this week or next.
ouabra45.........correction JP and Citi know where the pps goes they are the ones driving the derivative, bond and options train and it is a shame the board turned the reins over to those thieves, the thieves don't care about the science or potentially saving lives, only $$$$. Amazing the SEC is not all over this. Other tutes that are adding as the outstanding shares decrease and pps goes nowhere, are learning where these two thieves are taking the pps. All-A-Board, the train will leave the station, how fast is dependent upon JP and Citi. I am guessing they are deep on the short side and deep on the long side. Money...Money..Money is their only motive. After all they are the ones that structured the latest deal.....and they structured it to their advantage and retail disadvantage.
Do I see the handle of a of a short term Cup & Handle pattern, daily chart, forming. If so look for 7 within the next 3 months. It'll be a bumpy ride, very few shares available as compared to short shares. Gonna want retailers to cough'em up for their short term gain. After all an approximate 60% increase from the bottom in 6-7 months, some will bite. And the tutes know it.
ouabra45..........I have no idea what charts you are looking at............Obviously you need help..........Nvax has been in an uptrend since 4.13 ish bottom, bouncing around the 10 and 20 day MA's. End of Feburary 4.30 ish to intraday high of 5.70 1st week of April NVAX has appreciated by approx. 32 .5 % , (my #s use strictly candle bodies, I avoid wicks other than a quick spike down generally signaling exhausted sellers or shorters not willing to short further), recently followed by an approximate 10 % decrease, a 10 % retrace after a slow moderate 32 plus % increase is very normal. Many would call this 3 steps forward 1 step backwards. An approximate 1/3 rd retracement also fits within Fib. retracement values. You need to make up your mind .... up ..down...flat ????????. You seem to change your mind as often as a #$%$ changers their panties. Their is very little reality in day to day pps movements, especially when a stock is being gamed for pennys by daddy big bucks. You should identify yourself as a gamer and day trader when making assumptions to others. Not all here are day traders, many here are smart enough to know it is never a good idea to try and beat the HFT's algos. The 10 and 20 day MA's cross over the 50 in early April is a positive sign. Volume has been leveling out since the negative cross in Janurary.
Sure would be nice to know how J P and Citi are playing the derivatives' on this. They are the ones in the driver seats. And only the big boyz are in on this game. Probably playing for 0.10 per share difference. At least we have a driver, a very greedy driver(s). We will go where they take us until strong solid news. Then I think peddle to the metal. In my opinion NVAX has built a nice solid upward trending base over the past 2 months. From here it may be save to guess 5 is new support and a short lived 4.75 is a buy. And they will probably sell 5.50ish. To make some pennys, but when you are looking at 10s of thousands of shares...well those pennys add up. Stuck in da mud but clawing our way out. The longer the base the stronger the move.
x.. I pretty much agree................The way the Big Tutes play too make $s on as many sides as possible. Flush out as many long shares as possible. Then sucker in retail shorts...........Go Past Go Collect............slam the door shut on shorts by running pps up...........Go Past Go Collect...........Take advantage of small short run up......cash in a bit of low 4s on the long side as retail shorts cover..... Go Past Go Collect. Stabilize pps.......set the stage of wash..rinse...repeat............Until News.....I suspect when NVAX sees a solid and strong upward move of 20 - 25 % on big volume........News is around the corner. Followed with a sell-off of 32 to 38 % of the move, some time after News settles. I don't know from what pps the launch will take place so I can't calculate potential $ move. However when back-calculating past history of NVAX"s moves suggests %s in those areas. But hey as they say, whom ever owns the most shares will determine the direction of the pps and when..............retail doesn't have enough shares to sway the swing.