Posted On: 12/15/2013 11:59:50 PM
Post# of 2559
NVAX Daily Chart ~ Waiting for a Reset of the Technicals
NVAX has now started to pullback and correct a bit after a nice run from the lows of November. The middle bollie (MA20) is sitting at 3.69 which is the first area of support I'm looking at for a possible re-enter into the stock. So far the RSI has fallen from very overbought levels. The FullSto and MACDs continue their negative crossovers after curling downward a couple of days ago. Nothing to do now but wait. Obviously, any strong news will trump the technicals. But for now, I would expect more downside. GLTA
NVAX has now started to pullback and correct a bit after a nice run from the lows of November. The middle bollie (MA20) is sitting at 3.69 which is the first area of support I'm looking at for a possible re-enter into the stock. So far the RSI has fallen from very overbought levels. The FullSto and MACDs continue their negative crossovers after curling downward a couple of days ago. Nothing to do now but wait. Obviously, any strong news will trump the technicals. But for now, I would expect more downside. GLTA
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