Sunday Prep 8/08 - $AVIR

I don’t usually put stocks that trade less than 2m shares/day on average on my watchlist but this chart is too sexy to pass up. I’ll be looking for a pullback to the annual pivot just below 30 and the monthly pivot at 29.41 as areas of Interest. The only real problem I have with this setup is that it already pushed into the weekly 20sma. Therefore it may find quite a bit of resistance here before being able to get the next leg up. But again I think the daily chart is sexy enough to make an exception and still want this trade. Also, it’s worth noting that the company has a ton of cash and a secondary is not a concern. It’s also a covid play.