Any Name For this?

[GotherL]

NVAX just went to 125 to 290 3 days after my post. Jeezus. I knew something was up with it just could't describe what it was in technical terms.

 

[GotherL]

Guess it was just a gut instinct.

 

[murray t turtle]

NVAX just went to 125 to 290 3 days after my post. Jeezus. I knew something was up with it just could't describe what it was in technical terms.

%%
WELL since its hindsight+ that can be helpful.
IN 2019, we could rightly call it a biotech\ penny stock.
Biotech is an interesting sector;
biotech can be the wildest of the wild/up or down.
Also interesting ,its almost, but not quite, up to its 2000 MARCH peak of $311

 

[easymon1]

Just came across very similar chart patterns. Wondering if there is a term I can call it?

Fallen Wedge, Bullflag?

Bring More.

 

[treeman]

Good catch. It is consolidation. One of two things is going on during consolidation... accumulation or distribution. To be honest, I don’t know that I would have called the direction properly in this case (it looks more lower highs to me vs higher lows), except for that everything everywhere right now is in accumulation mode. I dont think I would have pulled the trigger had it come to my attention. Obviously once it passed 190, it was on. Only strong hands left.

 

[GotherL]

Bring More.
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If you seen some of my other posts I talked about JKS in the 50's and nio in the 30's. I don't really post on here much but just to ask questions. (Got my own discord for that.)

Currently, have my eyes on a chinese BTC play. Ticker symbol: SOS. I think with BTC going crazy and RIOT/MARA being way overbought investors will be rotating to lesser known btc companies.

It went to $1 to $7 this year so your not exactly buying the lows but when compared to RIOT which went from 50 cent to $50 you can imagine there is still a lot more room. Plus, they did an offering at market price on Friday so you know it's not likely to dump below 6.20 anytime soon.