Back at it again here folks,
Seems like MRNA is forming a nice flag pole pattern.
Today's price action hit the previous high of around 204 and then retreated slightly (as expected). It is also good to see that these sharp price increases were influenced by higher volume. I believe this will hold and continue to make higher highs, but we will see.
I have a conservative price target of about 225 with room to go higher. This is on a lower timeframe (2 hours) versus daily or weekly which could give some hesitancy since it is better and more reliable to see these patterns play out on a higher timeframe (to minimize fake outs).
Again, I know that I know nothing. This could take longer to play out or go against me, given that this pattern is playing out on a lower timeframe. But, I got in on this earlier today and am still holding because I like what I am seeing and had a strong day despite the choppy trading day today (QQQ for example).
Seems like MRNA is forming a nice flag pole pattern.
Today's price action hit the previous high of around 204 and then retreated slightly (as expected). It is also good to see that these sharp price increases were influenced by higher volume. I believe this will hold and continue to make higher highs, but we will see.
I have a conservative price target of about 225 with room to go higher. This is on a lower timeframe (2 hours) versus daily or weekly which could give some hesitancy since it is better and more reliable to see these patterns play out on a higher timeframe (to minimize fake outs).
Again, I know that I know nothing. This could take longer to play out or go against me, given that this pattern is playing out on a lower timeframe. But, I got in on this earlier today and am still holding because I like what I am seeing and had a strong day despite the choppy trading day today (QQQ for example).