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NOVAVAX

Market Opportunities - 14/09/2021

14 September, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NOVAVAX (#NOVAVAX) weekly uptrend opportunity based On 1.00 Lot Calculation:

  • NOVAVAX is a U.S. producer of novel, next-generation vaccines designed to prevent life-threatening infectious diseases, such as the influenza virus and the Coronavirus.
  • EVENT: (Friday, September 17. TIME: 14:30 to 20:45 GMT+1): The U.S. Food and Drug Administration (FDA) to discuss the matter of additional doses of COVID-19 vaccines and specifically to discuss the Pfizer-BioNTech supplemental Biologics License Application for administration of a third (“booster”) dose of Comirnaty (COVID-19 Vaccine, mRNA) in individuals 16 years of age and older. The decision is expected to affect the Novavax stock too, as the company plans to offer booster shots too.
  • EVENT I (EU and UK) (By the end of September): NOVAVAX is expected to submit an authorization request for its COVID-19 vaccine to the European Medicines Agency (EMA) and the U.K. in the third quarter of 2021 (Q3’21). Novavax already has an agreement in place to supply up to 100 million doses to the European Union with an option for another 100 million doses through 2023.
  • EVENT II (INDIA) (Q4 21): The company already applied for Emergency Use Authorization for its COVID-19 vaccine in India. During the fourth quarter, the company’s vaccine is expected to enter India, the second-most populated country in the world.
  • EVENT III (US) (Q4 ’21): NOVAVAX TO SEEK AN EMERGENCY USE AUTHORIZATION FROM THE U.S. FOOD AND DRUG ADMISISTRATION (FDA) IN THE FOURTH QUARTER. PREVENT-19, Novavax' study to assess the safety and efficacy of the company's recombinant nanoparticle protein vaccine, NVX-CoV2373 with Matrix-M™ adjuvant, demonstrated 90% overall efficacy and 100% protection against moderate and severe disease.
  • EVENT IV (October 2021): Novavax plans to begin a phase 1/2 study next month for three COVID-19 vaccine candidates. This study will target the beta and delta variants. The phase 1/2 study is scheduled to begin on Oct. 4, 2021.
  • VACCINE EFFICACY RATE: NVX-CoV2373 (COVID-19 VACCINE) is being evaluated in two pivotal Phase 3 trials: 1) a trial in the U.K. that demonstrated efficacy of 96.4% against the original virus strain, 86.3% against the Alpha (B.1.1.7) variant and 89.7% efficacy overall; 2) the PREVENT-19 trial in the U.S. and Mexico that demonstrated 100% protection against moderate and severe disease and 90.4% efficacy overall.
  • STOCK PRICE ACTION: NOVAVAX reached an all-time high of $331.68 in February 2021, trading up by more than 100% since the beginning of the year. NOVAVAX traded last around $230, upside of 44% to its all-time high reached recently.

NOVAVAX (#NOVAVAX), September 14, 2021
Current Price: 230

NOVAVAX

Weekly

Trend direction

UP

Resistance 3

315

Resistance 2

300

Resistance 1

270

Support 1

195

Support 2

180

Support 3

160

Example of calculation base on weekly trend direction for 1.00 Lot*

NOVAVAX

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

42,500.00

35,000.00

20,000.00

-17,500.00

-25,000.00

-35,000.00

Profit or loss in €**

35,944.76

29,601.56

16,915.18

-14,800.78

-21,143.97

-29,601.56

Profit or loss in £**

30,629.75

25,224.50

14,414.00

-12,612.25

-18,017.50

-25,224.50

Profit or loss in C$**

53,746.35

44,261.70

25,292.40

-22,130.85

-31,615.50

-44,261.70

* 1.00 lot is equivalent of 500 units
** Calculations for exchange rate used as of 12:53 p.m. (GMT+1) 14/09/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

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