$NVAX IMHO * Beautiful and promising weekly candle. * Uptrend support was tested again and it held. * Stochastic Weekly is starting to curve. Promising for a bullish crossover soon. * The last time that Weekly Stochastic was in an oversold situation was in November 2019, exactly 1 year ago. * The price has closed a little outside the triangle. Good. * Next hard resistance level is its daily SMA50 (99's). If nothing unexpected happens that resistance should be broken next week. GLTA
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@framus_morrigan Why (by the time I looked at it) I wasn't chasing $NVAX into Friday. That little -D highlighted at the end of day.. momentum was rolling bearish from slightly OB range. Nice spot for it to check back to tho! Nibbled against 85 & might add if I like the look Tuesday; feel bullish if buyers support any selling into (say) 87.1x-86.5x range. Will decide if I cut for scratch and reassess if it doesn't want to pop, otherwise add at 23.6/161.8 range below (TBD). Primary expectation: Sellers to engage anywhere from here, to around vpoc/61.8 fib above. Watching for buyers to support 87.1x-86.5x then press higher. Hypo 2: Price jumps out higher, meeting stronger sellers, likely inside yesterday's opening candle. From there price trades down to 38.2 fib where I'd be looking for 2-way trade. From there, assess. If it gives up Monday's low there's probably a test of 23.6 fib shown here, broader 161.8 if buyers don't show up.