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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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From: Sokka2/10/2024 7:46:27 AM
3 Recommendations

Recommended By
ajtj99
skier31
The Ox

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Here is a purely technical trade on NVAX. (I know, it's fundamentals are a disaster currently, even a going concern comment due to GAVI arbitration.) Possible back test of the breakout. MACD wedge break out too.

Last info about 52% short, so looking for short squeeze. It appears institutions have been increasing ownership, but you can never know for sure what their strategy is. The cost-to-borrow fee may spike which helps. It's been around 10%, but these short fees can spike to 80%, 200%, who knows. Main thing missing is big volume increase.
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