TRADING TIPS

Tony Has a Question About NVAX Target

Hubert Senters here. Got a question from Tony. Hi Hubert, Could you review targets for Novavax? Symbol is NVAX. Well, Tony, it looks pretty good. Let’s take a look at see what’s done in the past. Now, we’d like to see what kind of equity it is. So it’s alright not too bad. It looks like it’s going to take out this high around you know $310. It looks nice. Let’s go to the daily and let’s do the analysis. So, trending on a daily obviously vertical up bracket trade obviously. So you’ve got two or three things going towards you so bracket trade looks good but I would take. Well, it’s going to be hard to get a target if I just go one, two because this probably going to be up in there. Let’s walk through this because I think it’s interesting to show you how challenging sometimes. That’s the low. That’s the high. And that’s the higher low. That’s going to do you any favors. So what I will have to do here is back up like into a weekly chart. There we go. Now, I’ve got something to play with. It sounds nasty but I didn’t mean it to be like that. What we’re looking at here is right here. Low. High. Higher Low. There we go. That’s something to give you targets on so $321 and $362. And then in the back of your head you know that back here you had its all time high around $301 I think it was. It’s been around $301 to $312 a couple of times so I would say $300 even. It’s got some over head resistance from the past. And then if it clears at $321 and then $362. Trade Thirsty is hosting Andrew Keene Top Options Hack from Ex-Floor Trader. Wednesday, February 3rd at 7PM EST. Click here to register. I will HYPERLINK you to the page. Good luck. Hope it helps. See you on the next video. Hubert.

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