We continue the idea from the previous post, where the initial targets have already been reached.
At the moment, price action in Moderna shares is correcting the fifth wave formed during the downside move.
The structure suggests a developing bullish impulse, and the upward move is likely to continue.
So far, wave 1 and wave 2 of this impulse have been completed.
Key targets:
49 - local pullback within wave 3
57 / 62 - potential completion zone for wave 3, followed by a correction
71 / 79 - potential completion zone for the entire move
The upside potential from current levels is estimated at 65-82%.
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At the moment, price action in Moderna shares is correcting the fifth wave formed during the downside move.
The structure suggests a developing bullish impulse, and the upward move is likely to continue.
So far, wave 1 and wave 2 of this impulse have been completed.
Key targets:
49 - local pullback within wave 3
57 / 62 - potential completion zone for wave 3, followed by a correction
71 / 79 - potential completion zone for the entire move
The upside potential from current levels is estimated at 65-82%.
---
Please subscribe and leave a comment!
You’ll get new information faster than anyone else.
---
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.