Trading Novavax $NVAX With Integrated Risk Controls

May 09, 2023, 11:06 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Novavax (NASDAQ: NVAX) report below can help you, but we have more details too. The trading plans for NVAX, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for NVAX

• Buy NVAX slightly over 4.16 target 13.91 stop loss @ 4.15 Details

The technical summary data tells us to buy NVAX near 4.16 with an upside target of 13.91. This data also tells us to set a stop loss @ 4.15 to protect against excessive loss in case the stock begins to move against the trade. 4.16 is the first level of support below 10.76 , and by rule, any test of support is a buy signal. In this case, support 4.16 is being tested, a buy signal would exist.

• Short NVAX slightly under 13.91, target 4.16, stop loss @ 13.95 Details

The technical summary data is suggesting a short of NVAX as it gets near 13.91 with a downside target of 4.16. We should have a stop loss in place at 13.95though. 13.91 is the first level of resistance above 10.76, and by rule, any test of resistance is a short signal. In this case, if resistance 13.91 is being tested, a short signal would exist.

Swing Trading Plans for NVAX

• Buy NVAX slightly over 13.91, target n/a, Stop Loss @ 13.87 Details

If 13.91 begins to break higher, the technical summary data tells us to buy NVAX just slightly over 13.91, with an upside target of n/a. The data also tells us to set a stop loss @ 13.87 in case the stock turns against the trade. 13.91 is the first level of resistance above 10.76, and by rule, any break above resistance is a buy signal. In this case, 13.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NVAX slightly near 13.91, target 7.55, Stop Loss @ 13.95. Details

The technical summary data is suggesting a short of NVAX if it tests 13.91 with a downside target of 7.55. We should have a stop loss in place at 13.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NVAX

• Buy NVAX slightly over 13.91, target n/a, Stop Loss @ 13.88 Details

If 13.91 begins to break higher, the technical summary data tells us to buy NVAX just slightly over 13.91, with an upside target of n/a. The data also tells us to set a stop loss @ 13.88 in case the stock turns against the trade. 13.91 is the first level of resistance above 10.76, and by rule, any break above resistance is a buy signal. In this case, 13.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NVAX slightly near 13.91, target 7.87, Stop Loss @ 13.94. Details

The technical summary data is suggesting a short of NVAX if it tests 13.91 with a downside target of 7.87. We should have a stop loss in place at 13.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NVAX Ratings for May 09:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	-3.80
P2	7.34	6.82	4.16
P3	7.87	7.55	13.91

Support and Resistance Plot Chart for NVAX

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