Vaxart, Inc. to print 5000% impulsive wave ?? ** The months ahead **
On the above 6 day chart price action has corrected over 96% since February 2021. A number of reasons now exist for a bullish outlook, they include:
1) Price action and RSI resistance breakouts.
2) Confirmation of support on past resistance.
3) Regular positive divergence. The divergence prints at a time price action breaks out after 4 years of active resistance.
4) The forecast is determined from a 2nd impulsive move as measured from the first.
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Trade
Risk: You decide
Timeframe for long: Remainder of the year.
Return: 4000-5000%
Stop loss: Will say elsewhere
