Novavax closes cautiously higher - Analysis - 04-12-2023

Economies.com
2023-12-04 11:50AM UTC

Novavax's stock (NVAX) rose in the intraday levels, with positive signals from the RSI, amid the dominance of the main downward medium-term trend, while trading alongside the short-term trend, while suffering negative pressure from the 50-day SMA, as the stock also moves near the pivotal support of 5.61.

 

Therefore we expect the stock to decline and target the support of 4.00, provided the support of 5.61 was breached. 

 

Expected trend for today: Likely Bearish 

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