Looking for a reversal in fortune for NOVAVAX. We look to Buy at 30.75 (stop at 26.75)
We look to Buy at 30.75 (stop at 26.75)
Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. Prices have continued the bullish move higher and resulted in 3 consecutive positive days. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. In line with the possible early stages of a reverse head & shoulders pattern and the strong rejection of dips, we look to set longs in anticipation of a swing higher.
Our profit targets will be 42.75 and 47.70
Resistance: 37.92 / 44.52 / 47.70
Support: 28.30 / 24.00 / 20.00
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