I have traded MRNA more than any other stock. Even if you lack the experience and know-how of trading, following some basics trends will give you a high winning percentage with this stock.
1) Finding the premarket high and shorting the stock close to that gives you about an 85% chance of a 50cent-$1 move before market opens.
2) A lot of the news on this stock is...
Today we're looking at MRNA aka Moderna, the darling biotech that might be the savior of us all should they produce an mRNA vaccine that could be more easily produced and distributed at scale than a traditional vaccine candidate.
Reading into this story I've been intrigued, especially with the nice patterns forming in this chart with an easy to identify Impulse...
Moderna (NASDAQ: MRNA).
The Major trend is Bullish; The Trendline and EMA (with a length of 200) has been broken giving a signal of weakness of this Market. The idea is always to invest in the trend direction (bullish), but currently there are not a lot of signals to go long.
If 66.5 USD level will not be broken in the next days, perhaps the idea is to go long,...
The price literally exploded as you can see in the last candles.
As its in a bullish trend and considering the current world situation, I'm going to personally buy this stock.
$MRNA Moderna Downtrend Breakout - Bullish Options Flow
Bullish Options Flow Today
12k $70.00/$75.00 strike 09/04/20 calls traded today vs open interest of <3k. Total premium outlay = $3.7M
Near term target: $76.00
Either an expanded or running flat on the current wave C. The most recent impulse up may suggest the smaller wave C is completed and move up is expected.
A $20 dollar range of wave C is not very tradeable and constitutes a very high tolerance that I personally won't be playing with a large position.
Worth a try to put some in now.
