NVAXAfter an impressive rally, NVAX is lingering in overbought territory which means it's probably time for a correction. Price is approaching Fibonacci levels that typically indicate a reversal or correction. Additionally, there appears to be bearish divergence and my experimental indicator based on TD sequential is signaling that the rally may be is overextended. $300 is psychological resistance - price may test and break that level after market open then quickly retreat to support.
PFE earning call is today so that could possibly have some ripple into NVAX price action. There are more point to be made for both the bear and bull case but this is just a quick analysis of how this may play out in the short term [myceliim]
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.