NVAX is HOT right now.
Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end.
What I'm monitoring from the chart:
Momentum, to indicate a possible trend reversal - for now the momentum is still HOT
RSI, also to monitor momentum and buy power - right now the buyers are in firm control
Bollinger Bands, to monitor the volatility and overbought / oversold area - we have been running overbought for days
So at this point, NVAX is going incredibly strong but I am keeping an eye out for a possible sell off or minor correction to enter again with a lower position.
Hit like if you found this helpful
Thanks, E
Earlier yesterday I expected a pullback, but there is no way of telling when the buy craze will end.
What I'm monitoring from the chart:
Momentum, to indicate a possible trend reversal - for now the momentum is still HOT
RSI, also to monitor momentum and buy power - right now the buyers are in firm control
Bollinger Bands, to monitor the volatility and overbought / oversold area - we have been running overbought for days
So at this point, NVAX is going incredibly strong but I am keeping an eye out for a possible sell off or minor correction to enter again with a lower position.
Hit like if you found this helpful
Thanks, E