NVAX just went to 125 to 290 3 days after my post. Jeezus. I knew something was up with it just could't describe what it was in technical terms.
%% WELL since its hindsight+ that can be helpful. IN 2019, we could rightly call it a biotech\ penny stock. Biotech is an interesting sector; biotech can be the wildest of the wild/up or down. Also interesting ,its almost, but not quite, up to its 2000 MARCH peak of $311
Good catch. It is consolidation. One of two things is going on during consolidation... accumulation or distribution. To be honest, I don’t know that I would have called the direction properly in this case (it looks more lower highs to me vs higher lows), except for that everything everywhere right now is in accumulation mode. I dont think I would have pulled the trigger had it come to my attention. Obviously once it passed 190, it was on. Only strong hands left.
If you seen some of my other posts I talked about JKS in the 50's and nio in the 30's. I don't really post on here much but just to ask questions. (Got my own discord for that.) Currently, have my eyes on a chinese BTC play. Ticker symbol: SOS. I think with BTC going crazy and RIOT/MARA being way overbought investors will be rotating to lesser known btc companies. It went to $1 to $7 this year so your not exactly buying the lows but when compared to RIOT which went from 50 cent to $50 you can imagine there is still a lot more room. Plus, they did an offering at market price on Friday so you know it's not likely to dump below 6.20 anytime soon.