#Premarket Price Testing Up-channel Option on News by curtmelonopoly on TradingView.com
Look out for a charting scenario similar to the earnings pop in Macy’s from yesterday during premarket. Related link here.
Technicals:
1. Trading 2.75 in premarket as of writing, up 26.27%
2. Price has been testing its MA’s, with bounces off the 200, 100, and 20
3. MACD pinched, and is turned up
4. Overhead diagonal resistance is currently being tested premarket in the 2.70-2.80 range
Fundamentals:
$NVAX up 22% in #AfterHours trading after news: Novavax -3.56% NanoFlu™ vaccine demonstrates improved immune responses compared to egg-based, high-dose flu vaccine.
https://www.marketwatch.com/story/novavax-stock-jumps-15-after-positive-flu-vaccine-study-2018-02-28?siteid=yhoof2&yptr=yahoo
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For the complete technical analysis on this swing trading set-up, including full price extensions and bullish/bearish targets, click here: https://compoundtrading.com/swing-trading-periodical-contact