Novavax, Inc.تم تحديثه NVAX will make us happy soon.
1) RSI 2 moving averages will cross each other soon. Purple one 38.14 and Green one 38.69. If purple one cut above green one it will be buy sign. I am waiting for buying next year because this is monthly chart. I hope RSI's 2 moving averages will cross each other. 36.91, 35.21 and 31.72 were very important support line in the past and it reversed from this level.
2) Momentum is reaching 0 line. If it is less than 0, it shows that down trend. If it is more than 0, it shows that upper trend. Of course NVAX decreased a lot but Momentum is trying to exceed 0 line up. If Momentum is reaching 0 line from minus, it means that down trend is losing its power and it will be reversal of trend.
3) DMI indicator has 3 moving averages inside of it. ADX is red one and it shows that trend's power not direction. If it is less than 20, it means that this is sideways market. It will be more than 20 in the future. Now it is 16.2284. If ADX is more than 20, it shows that this security has strong trend. It can be upper or down trend, we cannot know. We have to check out prices or Momentum indicator.
4) It is not certain but can work why not. Target Price = Minimum 168. Maximum 330. Because i calculated like that: (Highest level of prices + Lowest level of prices)/2 = Target Price
ALL COMMENTS DO NOT İNCLUDE INVESTING ADVICE!
2) Momentum is reaching 0 line. If it is less than 0, it shows that down trend. If it is more than 0, it shows that upper trend. Of course NVAX decreased a lot but Momentum is trying to exceed 0 line up. If Momentum is reaching 0 line from minus, it means that down trend is losing its power and it will be reversal of trend.
3) DMI indicator has 3 moving averages inside of it. ADX is red one and it shows that trend's power not direction. If it is less than 20, it means that this is sideways market. It will be more than 20 in the future. Now it is 16.2284. If ADX is more than 20, it shows that this security has strong trend. It can be upper or down trend, we cannot know. We have to check out prices or Momentum indicator.
4) It is not certain but can work why not. Target Price = Minimum 168. Maximum 330. Because i calculated like that: (Highest level of prices + Lowest level of prices)/2 = Target Price
ALL COMMENTS DO NOT İNCLUDE INVESTING ADVICE!
ملاحظة
This month will be end month for down trend i think. For correct buy position will be broken resistance line of all indicators and price chart!
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ADX shows that: Trend's Power, not direction. In the past, ADX has gone its the lowest level of 8.9372 and again this event happened. This week it turned its head to up. Trend is gaining power but it must be more than 20 for strong trend. Of course if ADX is increasing, it may be downtrend we cannot know but prices are very low and in my opinion it will be upper trend.
I drew Resistance line on RSI indicator weekly period. It is very close to break resistance line up.
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In Daily Chart as you see again ADX Resistance line has been broken 1 week ago and Trend is gaining power. It can be down trend or upper trend. Also in DMI indicator we have +DI and i drew resistance line on it but it has not been broken yet.
I drew Resistance line on RSI indicator and it is very close to be broken.
I drew Resistance and Support lines on Momentum indicator and Resistance is very close to be broken.
I drew Resistance and Support lines on CCI indicator and i caught Descending Triangle Chart Pattern. It is not strong chart pattern in Technical analysis but generally break its resistance line.
As i said that before, i applied 2 moving averages on prices. DEMA(5 period red one) and DEMA(20 period green one). Red one cut above green one and it is buy sign.
ملاحظة
Resistance line of RSI and Momentum were broken this week in daily chart. Also on prices, Resistance line was broken. I drew 2 resistance line on DMI for +DI(blue one), the first one was broken. -DI(orange one) could not cut ADX(red one) below but they are very very close each other. If -DI cuts ADX below, it is buy sign. Next week it will happen i think. I will upload my opinion next week for weekly chart!
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I caught on DMI Falling Wedge Chart Pattern and it has been broken. Also Resistance line of CCI has been broken. Both of them are buy sign in daily chart.
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On DMI indicator +DI cut above -DI. It is buy sign in daily chart.
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I applied WMA(12 period because 12 months are available in a year) on prices. Prices must be above this moving average as you see, it is 5.99. Prices must be at least 5.99 to buy at the end of this month. Because this is monthly chart. We have to wait 1st March.
ملاحظة
Also it can be used different moving average tpye I applied SMA(12 period because 12 months are available in a year) on prices. Prices must be above this moving average as you see, it is 6.65. Prices must be at least 6.65 to buy at the end of this month. Because this is monthly chart. We have to wait 1st March.
ملاحظة
On DMI indicator +DI(Blue One) broke its resistance line yesterday and it was huge volume bar as you see on prices. Also Horizontal Resistance Line was broken yesterday with huge transaction volume. -DI is less than ADX and it is under ADX. It is buy sign. ADX:19.8450 -DI:17.1095. RSI broke its resistance line yesterday. I will upload my idea at the end of this week stay tuned!
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Resistance Line of RSI was broken at the end of this week. And it is weekly chart. On DMI indicator +DI cut above -DI. It is buy signal.
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NVAX could not catch analysts predictions correctly. It decreased approximately 26% or 27% with gap. Support line of Momentum was broken yesterday. It may decrease 4$ and again will rise up to 6$. 2 DEMA which i applied on prices crossed each other, sell sign.
ملاحظة
Weekly chart there have been 2 doji star and red candle. Market could not go up 2 weeks. If it went high price level, we would see green candlesticks like past. Probably market will decrease next week.
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First Support line was broken this week of Momentum. Wait for second one.
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Technical indicators are higher level of all time. They will decrease and prices may drop to 6$.
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Resistance line of +DI was broken yesterday.
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I drew support line on prices and it was broken with red candlestick 2 days ago and one after doji candlestick occurred. As we know it, doji represents indecisiveness at market but it is only daily chart! I am not sure it may decrease or not??? Of course there is no other case.
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Momentum broke its moving average down it is sell sign. Also CCI broke its support line but it did not work for now. We will see.
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Momentum broke its moving average down it is sell sign. Also CCI broke its support line but it did not work for now. We will see. +DI cut below ADX it is sell sign.
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Weekly Chart! It is similar to doji star or not! We will see next week!
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Daily Chart! +DI broke support line yesterday! Other sell sign came. DEMA(5 period, 20 period) cut below each other and sell sign! Wait for WMA(5 period, 20 period)
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Monthly Chart! Momentum cut above 0 line buy sign! RSI cut above its moving average(purple one cut above green one) other buy sign! CCI cut above 0 line other buy sign. Last one +DI cut above -DI buy sign!
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Broken Resistance line on prices with huge volume bar! Monthly Chart!
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If you check out my past analysis, you will see that i mentioned about 12 period SMA, WMA and EMA on prices monthly chart! Green candlestick passed all of them as you see on the picture!
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I did not sell my any position because huge gap can happen for upper trend.
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Momentum broke support line yesterday.
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Daily Chart. Momentum broke resistance line yesterday but we will watch will it work or not?
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Weekly Chart! Momentum broke 2 support lines but i still keep all my shares.
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Weekly Chart! I saw important detail and i wanted to share with you. In the past, CCI broke support line at 190$ price level. And nowadays, CCI again has support line as you see.(It must be touched at least 3 times to draw trend lines) It may happen 180$ or 190$ again next June 2025!
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Daily Chart! All indicators broke resistance lines. New highs will be seen soon.
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Daily Chart! RSI and OBV broke resistance lines. There was symmetrical triangle on OBV indicator.
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Daily Chart! Momentum and +DI broke their first resistance lines! Second resistance lines will be broken soon.
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Daily Chart! As i said that yesterday, second confirmation was Momentum and it broke second resistance line today!
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Daily Chart! OBV broke first resistance line. There is symmetrical triangle so wait to be broken it. Momentum and +DI broke resistance lines.
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Weekly Chart! If you remember, i mentioned about this detail 3rd August. Check out this date at my analysis. CCI broke support line this week but it is also oversold area. Maybe RSI can touch 3rd times support line and it can be again new opportunity???
تم فتح الصفقة
It is not so clear because i drew so many lines on DMI indicator. There is resistance line on +DI and support line for -DI. I am waiting to break all of it because if -DI breaks support line prices will increase on the other hand if +DI breaks resistance line prices will increase too.
أغلقت الصفقة: تم الوصول للهدف
I am waiting for -DI to break support line. This is weekly chart. And as you see here there is a very long resistance line to come from past. It may work or not of course but support line is less stronger than resistance line. Also previous analysis was daily chart!
ملاحظة
Can be same opportunity like in the past! Please Check out this price level. September 2008- September 2009. If ADX breaks ADXR above prices will increase and ADX level is 10.9003 as you see here. Also in 2008 September ADX reached bottom level of all time 10.9230. There is same event as you see. I am waiting in the next months for ADX to cut above ADXR. There may be big opportunity like in the past 150$???
ملاحظة
There are some resistance and support lines on Momentum indicator and OBV. OBV broke support lines many weeks ago.
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