Send it to the hurt locker. I've got major support around 170/180 here... but if this fails your W3 target could come in FAST... I've got 150/125/90 to the downside
rbswingtrader
⋅
@WLinvestment, I agree with the support area and exited my current puts.. But when i look at BNTX at the same time, there is no support for another 30-40 bucks.. If BNTX is going to drop, i would expect MRNA to go along. I am not short on either but may take BNTX entry later today or tomorrow.
WLinvestment
⋅
@rbswingtrader, Looked pretty weak today... I think it's possible we see $150 before week end at this rate. The narrative collapse is happening FAST. Doesn't seem like much buy support for MRNA. We haven't seen a big capitulation volume wick either so who knows.. more blood might be due and satisfy your W3 count. Awesome call on that
@WLinvestment, These are my higher TF levels (inverse chart).. I do think your $125 zone hits... outside shot at $90. Just a matter of time. Been tough to short though the puts are $$$. IV% could still press higher though - I haven't seen the typical capitulation/retail fomo IV% spike that often happens at major highs/lows
rbswingtrader
⋅
@WLinvestment, IMO the IV spike comes around very late in Wave 3. I will try to build more co relation there. Thanks for the input
andersonfunding
⋅
after breaking $225 i thought it was all over. then on the premarket Jan 14, the stock traded to $197 but during the daily session someone was trying to keep it up