MRNA is not looking too good.
What we can see is a weekly bearish engulfing candle after clear rejection from the upsloping resistance line. Rejection was nasty therefore we're seeing instant follow through.
You can short it now with a final target at the support which is the entry for longs too.
At the support, flip bullish and take a long position. The target is at the key resistance shown on the chart.
If you short now, pleace a stop loss at 219 - 220 $
Good luck
What we can see is a weekly bearish engulfing candle after clear rejection from the upsloping resistance line. Rejection was nasty therefore we're seeing instant follow through.
You can short it now with a final target at the support which is the entry for longs too.
At the support, flip bullish and take a long position. The target is at the key resistance shown on the chart.
If you short now, pleace a stop loss at 219 - 220 $
Good luck
Trade active:
117,20 $ is a take profit level.
Final target remains the same.
So far it's playing out exactly as we expected!
Final target remains the same.
So far it's playing out exactly as we expected!
Trade closed manually:
The price has created the higher low. Closing the trade manually here
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