Novavax with sights on prior highs with positive vaccine news

29

January 2021

By

Alex Cole

Novavax looks to move today as news of vaccine trials in the U.K. were positive.  Prior highs would be initial targets but an analyst may want to look at a shorter timeframe chart to take advantage of any pullback during the session.

The GoNoGo Trend has been a "Go" since the end of November with the GoNoGo Oscillator managing to find support at the zero line for most of the time even while price has primarily moved sideways.