Novavax long - mid-term bullish until earnings Feb 28th
Please reference my previous post on the weekly.
It appears we have just a little more time to close in the yellow triangle on the weekly.
This chart demonstrates the daily time frame. Last time RSI was this low there was a rally of 100$.
I expect that there may be more touch of the major support level and then reversal with uptrend.
Place stop loss at ~70 -75$ or the long-term triangle idea is invalid
red line = 200 week EMA (slope of the most recent few weeks of input)
green line = 50 week EMA (slope of the most recent few weeks of input)
not financial advice
It appears we have just a little more time to close in the yellow triangle on the weekly.
This chart demonstrates the daily time frame. Last time RSI was this low there was a rally of 100$.
I expect that there may be more touch of the major support level and then reversal with uptrend.
Place stop loss at ~70 -75$ or the long-term triangle idea is invalid
red line = 200 week EMA (slope of the most recent few weeks of input)
green line = 50 week EMA (slope of the most recent few weeks of input)
not financial advice
Order cancelled
My stop loss has triggered. I will wait until the trend breaks and re-assess
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.