$NVAX - RC -
Added 2023-05-17 16:12:43 +0000 UTCVery little to update here, the 45% jump on one day was of course met with the same decline, the important thing now is to see if it can find support above the previous low, if it can do this, the upside potential is still valid.
The RSI on the 1hr is in the oversold territory now and the MACD is showing that the selling is now stretched too, as to be expected from a decline from $11.50 to $7.50.
This remains a high risk stock, we have already seen the benefits of it with such a sharp rise, traders may have a better time with this if it continues to move in this manner....for long term holders, it's not ideal for us.
