Target to the monthly 200 moving average (currently sub 90)
Target is forming the mother of all bear flags on the monthly chart. My price target is the 200 monthly moving average in the mid 80s with room for overperformance to the downside.
This is a macro-level call meaning I expect it to take months for this occur (see my
F
to $ 5 and
MRNA
to $ 75 posts). It could be a few months, several or even up to a year but this is one of the most bearish set-ups I've seen.
No position (yet) but I will be looking to enter a long-term short on any bounces.
Moderna Call
Ford Call
This is a macro-level call meaning I expect it to take months for this occur (see my
F
to $ 5 and
MRNA
to $ 75 posts). It could be a few months, several or even up to a year but this is one of the most bearish set-ups I've seen. No position (yet) but I will be looking to enter a long-term short on any bounces.
Moderna Call
Ford Call
Comment:
When the ascending bearish support line breaks, Target will be falling hard and fast. A wonderful short opportunity. No position yet.
Comment:
Inverted Target chart shows a very clean bull flag to drive it home.
