$NVAX
Added 2023-04-27 19:36:19 +0000 UTCNice pull back for $NVAX this is what we wanted to see, a measured pull back after a nice climb from $5.60 to $9.50. It is just being held by the 200 Day MA now but between the 0.5 and 0.618 Fib so this is a very good position for a Subwave 2 and wave C in red to complete.
So what we want to see now is $NVAX holding these levels, it can still come down to the 0.618 Fib. RSI is showing the bottom has possibly come in for the count too....so it is up to the bulls now to step in and move this up.
If these levels can not be held, the 0.78 and 0.88 Fib levels will be the next support (not shown here) but if we go down through these levels, I believe it weakens the structure.
