saltysaver

MRNA head and shoulders top

NASDAQ:MRNA   Moderna, Inc.
Anchored VWAP since july 27 is ~408. coincidentally also the 0.618 fib retrace level using 422 as 1. A strong trading name after massive run. looking for it to hold the 408 level, long term love the name.. lots of noise in near term. the head and shoulders top also measures to the 408 retrace. breakdown of 400 could bring 350 (the 20 SMA). there is large institutional buying in the 300s+ so looking for a very solid footing there. the product pipeline will take us higher to 540 mid term. **not financial advice** disclosure $mrna is about 27% of my portfolio
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