Looking back to July, the falling wedge bullish pattern was confirmed where we see a rebound near the previous July and May low, keep in mind: Support 0 level IDENTIFIED (as in lowest rectangle area)
When MRNA Breaks previous MAY&JULY high in December/Novemeber, strong volume indicates buyers are in control,
Keep in mind: Support 1 level IDENTIFIED
Buyers took control but not for long; was this impulsive move?
Sellers IS in UPPERHAND right now, switfly defeated most fib retracement level, the break downward seems inevitable,
BUT, let's see if MRNA will be able to hold 0.382, if not I will see it at 0.236
On the indicators: MACD shows no sign of reversal so far, RSI entering weakness zone
Fundamentally, MRNA has potential, but it will be a tumulutous ride, hold my beer if you are IN!
When MRNA Breaks previous MAY&JULY high in December/Novemeber, strong volume indicates buyers are in control,
Keep in mind: Support 1 level IDENTIFIED
Buyers took control but not for long; was this impulsive move?
Sellers IS in UPPERHAND right now, switfly defeated most fib retracement level, the break downward seems inevitable,
BUT, let's see if MRNA will be able to hold 0.382, if not I will see it at 0.236
On the indicators: MACD shows no sign of reversal so far, RSI entering weakness zone
Fundamentally, MRNA has potential, but it will be a tumulutous ride, hold my beer if you are IN!
Comment:
not investment/trading advice, for personal use only