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Geckie
Apr 6, 2021 12:33 PM

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

Moderna, Inc.NASDAQ

Description

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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