Moderna has been forming a hidden bullish divergence for the past 5 months (clearly seen on the daily chart, will also post a screenshot in the comments). On the macro-level, we can see a pennant forming with strongly confirmed resistance and support. On the micro-level, we have a clear cup and handle, and currently the price seats at the support of the handle, in 3h demand, and also at a strong key level 135-136, that MRNA always reacted to in the past. If Moderna confirms the cup and handle by breaking the resistance, would love to add to my long position. However, if it can not hold 135-136, will look to exit and reenter at the macro support ~129.
*The idea above is my own opinion and does not serve as any kind of investment advice. Please do your own due diligence.*
@CodrinTrades, Hi thanks for the hint. Is this bullish or bearish? The price is going up but the divergence is to the down side.... Wouldn't that be bearish? Thank you for clarifying, if you find the time :)