I only ever got a few entries onto this position early on and have taken profit along the way mainly due to freaking me out with the volatility when we started spiking to 200 dollars back at the end of 2020. I chose to play some of the bio tech and pharma plays during early covid as a defensive play but also some high risk as the controversy around the vaccines...
Alot going on in this chart but bear(or bull) with me.. 100MA being tested, broke above trend line and alot of confluence occuring all at once while the "Variant" is the big talk of the days. Quite a bit of upside here if good PR comes out on OCGN. Otherwise we could see this get swatted right back down under the trend line and below the 100MA. My calls are in...
Lots of bull... however, Due to "variants" OCGN has a solid bull case.. Waiting on Ken to put this price action into warp speed..... Trade safe! Smash that like button and follow for more!
NASDAQ:MRNA showing telltale signs of the cup and handle bullish pattern , with decreasing volume in the cup base and forming a clear handle after the all-time high, meanwhile MACD is crossing above the signal line inside "the handle".
Moderna, a drugmaker with just a single product to its name , has become perhaps the best-known biotech in the world over the past four months, with nearly 100 million doses of its Covid-19 vaccine administered in the U.S. alone. Shares of Moderna Inc. MRNA, +5.56% slid 9.72% to $111.40 Monday, on what proved to be an all-around favourable trading session for...
Hello! Friends, -This would be a great Buy Opportunity, IF NASDAQ:MRNA breaks up the Daily Resistance line at $164.00 (with a WHOLE DAILY Candle) !!
Awesome Bearish Divergence for the Bearahs ;-D and to top it off... This rally couldn't end better with a Double Top Trapping a lot of Bullahs.
MRNA has had a few wild weeks going up from $120 to $170. I believe this could be the end of the bullishness and it may do a correction. Why do I believe this could happen? MRNA hit historic resistance of $170, after hitting that mark it began dropping. This resistance seems like it can hold. RSI is bounced off the 70 mark on the daily chart. RSI is...
BUY! Target Order: 148.48 EUR Stop Order: 120.03 EUR 1.) GoodNEWS for Moderna: The British government wants to continue its course in the fight against the coronavirus. The first deliveries from the pharmaceutical company Moderna are expected in April, told member Oliver Dowden today. It would be the third vaccine to be used in the UK. To date, more than 30...
MRNA made a huge leap on Friday going front $133 to $144. I believe MRNA will resume bullishnes as long as the market remains stable and bullish BUT, MRNA could drop to around $135 before continuing to go up. It still has a way to go on the RSI indicator and EMA's still haven't passed over. If MRNA exists the channel be ready for more mooning to come. ...
MRNA seems to have entered another downward channel trend. Using the previous resistance on the last downward channel trend we can see it can act as a sort of support, the trend also made two other downward resistances as you can see on the chart. This makes me to believe that this could go back down to $120 where it can make a double bottom which can be a great...
Moderna seems to have made a double bottom, this could indicate some bullishness coming in and if it passes the previous resistance of around $135.50 then the next resistance comes at $145 so there is quite a way to go back up!
As mentioned in my last analysis, Monday will be the deal-breaker for MRNA again, and it failed to hold that resistance. Using historic data this will most likely drop down to $120 again before going back up to the $130s so this can be a great swing trade. BUT! Watch out for support at $126, using the previous downward channel trend resistance this can act as...
For this analysis, I am going to be using the same downward trend channel that I made on March 25th and it went exactly as expected. This recent spike might be coming to an end though due to being overbought on the RSI and close to hitting the resistance on the trend channel. Although if it breaks through that resistance it can become support, keep an eye on...
I published multiple bearish analyses on MRNA since 145$, right now it broke through the support at $120 and if it doesnt recover today then it's most likely going to go to $110-$100. Although if that doesn't hold it can go down to $75.
If you haven`t longed Moderna with me from here: Then you should realize that the head an shoulders pattern on descending volume of a company that worth 53.402B, but has 747Mil negative earnings for 2020, may lead to $100 per share. On the other hand, undervalued, it`s Pfizer , which has the same amazing results with the vaccine, lots of medicine in the...
Moderna is clearly in a downtrend channel and I wouldn't be surprised if it hits $120. I have long positions opened at $139 so I will sell those tomorrow and buy back lower.
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...