Update from post yesterday - obviously the manufacturing news killed momentum so taking this opportunity to roll to July expiration and add some lower strikes at a discount.
- Chart indicates a symmetrical triangle breakdown into support. DMI suggests accumulation, this will be the spring.
- Expecting yellow path to play out as price trajectory. Forming an impulse wave that takes it right through the equilibrium point where supply = demand at the intersection of support and resistance from the triangle.
- initial target around 70 but will need to give this some time to unfold.
- mid term I see this going to triple digits easy (by end of 2022 - that is conservative)
NVAX has done this every pandemic {pop to 300s, sell off to 40s, re-accumulate and take it back into the 100s... rinse and repeat}
Sincerely,
Covid-19
- Chart indicates a symmetrical triangle breakdown into support. DMI suggests accumulation, this will be the spring.
- Expecting yellow path to play out as price trajectory. Forming an impulse wave that takes it right through the equilibrium point where supply = demand at the intersection of support and resistance from the triangle.
- initial target around 70 but will need to give this some time to unfold.
- mid term I see this going to triple digits easy (by end of 2022 - that is conservative)
NVAX has done this every pandemic {pop to 300s, sell off to 40s, re-accumulate and take it back into the 100s... rinse and repeat}
Sincerely,
Covid-19
