NVAX is ready to RoLL oUT---------->

Novavax Inc (NVAX) is one of my first picks. It is also one of the few I was able to buy (funds are limited, ya know!) and I have held onto it. I've held onto it because I believe that it has more upside potential. When it broke out on 8/29 it was magical! When the stock came crashing down, I was hoping that the stock would rest and it did! Now I believe the stock is poised to run up again and hold support at an even higher number. Here, take a look at the chart and see what I mean!

Novavax Inc (NVAX) 2 month chart




Here is the chart (unrevised). Note the slow and steady climb that resumed once the stock came down from its run-up!









Novavax Inc (NVAX) 2 month chart (revised)



In this chart, you can clearly see the slow and steady uptrend and support levels of the stock. Notice how the volume picks up at the support lines? This is a very technical stock, so look forward to more charts in the future.

The point is, I still believe that NVAX is a go. Like MEMY, it is a small bio-pharma company that is thriving on news and hopes of bringing a tangible drug to the market. Both MEMY and NVAX have decent insider buying and ownership which shows that there is "faith" in the company. Still, I am very skeptical of these small bio-pharma companies and I won't hesitate to issue a sell signal if I start to see things being a little shady. For now, everything seems like a go, so just hold onto your shares (maybe buy some more) and get ready for the ride, because as much as I love stocks, I also don't mind making some money either! And you know thissss!