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What is different?Below are two screen shots. Both are 15 minute charts for the last 20 days. The first chart is NVAX and the second chart is XBI. Notice several things - The chart of Novavax shows a sideways trend, while XBI is moving downward. - NVAX has multiple tightening triangle formations. The blue dash lines are based on the 15 minute chart and are becoming most compressed. The yellow dotted lines are based on the daily chart and also form a triangle with a tightening price range. - The chart of XBI also has the compressed triangle, but looks very different as it has a downward trend. Basically, Novavax's share price appears to be in a wait-and-see mode, while XBI is still moving down. I had not noticed this before, but find the difference encouraging. BTW, XBI did breach that 200sma on the daily chart today, but is still within the triangle formation. |
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Msg # | Subject | Author | Recs | Date Posted |
121720 | Re: What is different? | luckijack | 1 | 4/13/2021 12:00:10 AM |