CONFIRMING MY ORIGINAL SHORT TRADE IDEA FOR MRNA. THE 1HR, 2HR, 4HR AND 8HR TIME FRAMES ARE HARBORING A DIRTY SECRET UNDER THE HOOD OF THIS STOCK: SINISTER BEARISH DIVERGENCES BUILDING (MOST BULLS WILL IGNORE THIS AND ONLY FOCUS ON THE UPWARDS PRICE ACTION)...
BUT AS I LIKE TO SAY: "RSI DOESN'T LIE."
MATCH UP THE 2 LOWEST-LOWS IN THE RSI WITH THE CURRENT PRICE LEVELS DIRECTLY ABOVE ON THE CHART. YOU WILL SEE THAT THE LOW POINT OF THE RSI ON THE LEFT SIDE MATCHES UP WITH THE $240 PRICE LEVEL IN THE CANDLESTICKS DIRECTLY ABOVE IT...
THIS $240 LEVEL IS EXACTLY WHERE THIS STOCK IS HEADED. DO NOT BE CAUGHT OFF GUARD!! BEARISH SIGNS EXIST ALL WHO OWN THIS STOCK ON THE LONG SIDE WILL SEE THEIR POSITIONS GUSH BLOOD UNTIL OVER -100/SHARE HAS BEEN BLED DRY FROM THIS STOCK.
IF YOU ARE A MRNA BEAR WHO CURRENTLY HOLDS A POSITION... YOUR SHORT IS ABOUT TO PRINT.
The Idiot Biden kind of stay behind this shit . I follow price action and it is still bullish . I know time time , but looks like this friday options will expire worthless - I guess this is the point , if news dont come on monday my bearish trend lines show 300, but there are bullish that point to 365-375 :) , So we know it is crazy stock . I can only imagine how many people are sqeezed holding short position under 260 . This fucking vaccine idiots I predicted this Allien president will inforce and there will be WAR . I believe the vaccine is chemical catalisator that affect your brain . I know for sure if someone is trying to inforce something it is wrong
Sanasz
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It's a good point. Now every day is another positive news. MRNA is growing at low volumes, although it should have gone to correction. BUT the revision of Pfizer's forecasts of 33 bln $ for vaccines in 2021 may throw MRNA above 375-400 by the report or after it.
wardaK
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Thank you! Holding a short position on a margin and unfortunately this thing keeps going up and up. My only hope is that we gap down on Monday (August 2) and bulls get nervous as earnings in the corner. I've noticed the bearish divergence but we'll see. I might have to buy back and eat my huge loss on this thing..
ChartMeNot
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What do you use for your RSI indicator?
ROCKET_RACKS
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@ChartMeNot I’m not exactly sure what you are asking? It’s just a regular 14 period RSI
ChartMeNot
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@ROCKET_RACKS, Thanks that's what I was looking for.
nomis499
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Agreed. Would you buy puts or do you think put debit spreads would be better?
ROCKET_RACKS
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@nomis499, I am much more consistently profitable trading common stock than I am with options. Therefore, I recommend just simply shorting the shares versus doing anything with puts.
wardaK
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@ROCKET_RACKS, I shorted the stock on a margin account. Too many contingencies with options when you want to short a stock that is too unpredictable on timing. Now, I just have to wait and hope my shorted position pays off or I'd be happy to close it without loosing too much. :)). Thanks for your great work