Geckie

MRNA going back to $120, entered downard channel trend!

Short
NASDAQ:MRNA   Moderna, Inc
MRNA seems to have entered another downward channel trend.

Using the previous resistance on the last downward channel trend we can see it can act as a sort of support, the trend also made two other downward resistances as you can see on the chart.
This makes me to believe that this could go back down to $120 where it can make a double bottom which can be a great buying opportunity, but for now, I'm bearish .
Comment: EMA's are passing right now, indicating bearishness.
Comment: Broke out, this could be a fake breakout or just a false channel. Keep an eye on it.
Comment: MRNA is closing in on resistance, important moment for MRNA.

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