ClearValue Team Insights
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$NVAX Pump and Dump
I’ve been saying NVAX has a tendency to pump and dump, today NVAX dumped with a 28%+ decline. The Gavi settlement dispute is very big news for NVAX’s long-term growth, but COVID vaccination rates are still awful. I don’t see a reason to be bullish short term, but I think the stock is very undervalued […]Read More
Feb. 28 NASDAQ Update
$QQQ is also trending down, and has reached the yellow support line. This yellow support line has been weak support so far, and QQQ has periodically traded below yellow support throughout since December 2023. I think there is a risk of dropping lower on this downswing. There is PCE inflation data that will be released […]Read More
Feb. 28 S&P 500 Update
$SPY is still below the white resistance line, and has been gradually decreasing over the past few days. I have $500 as a local support level for a potential bounce. The pullback is pretty weak, but SPY has been trending down. ChartChamp socials: https://linktr.ee/realchartchamp
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