MRNA is not looking too good.
What we can see is a weekly bearish engulfing candle after clear rejection from the upsloping resistance line. Rejection was nasty therefore we're seeing instant follow through.
You can short it now with a final target at the support which is the entry for longs too.
At the support, flip bullish and take a long position. The target...
There is a daily wolfe wave setup that triggered on December 15. Today at the open, MRNA opened inside day and traded +4% within 30 mins of the trading day. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line; however, the linear lines do not converge. The projected target is approx 167 which is...
Moderna - 30d expiry - We look to Sell at 186.88 (stop at 198.38)
Price action continued to range between key support & resistance (120 - 190) and we expect this to continue.
Daily signals are mildly bearish.
Posted a Double Top formation.
An Evening Doji Star formation has been posted at the high.
We look for a temporary move higher.
Offers ample...
HELLO GUYS THIS MY IDEA 💡ABOUT MRNA is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Head and Shoulders failed to play out, short covering into resistance, market is shittin the bed from termal rate increase on FOMC. Mean reversion in bound from the volume profile and retail chasing the 23+% pump. Short back the neckline for confirmation before further down spiral.
Doji (W) on both stocks
Fundamentals are terrific:
Forward cash and equivalents make those stocks nearly free ( pipeline, production capacity, distribution networks priced at 0) :
- most contracts for 22 are already signed and/or partly cashed in (US still negotiating for MRNA),
- contracts signing for 23 has started as well as governments have to be ready (...
We have a lower high, compare this past 16-November to 4-August.
We also have a clear bearish pattern in the form of a rising wedge.
Going by the candlesticks, we can spot some bearish signals there as well.
16-Nov. Doji is a bearish candle.
18-Nov. another bearish candle, confirmation of the previous one.
Today we gapped lower which gives strength to the...
Moderna has broken up above the 200MA...
It looks good for upside along with the American rally with (lower than expected inflation rates, high GDP numbers and higher jobs).
We just need a strong breakout above the Rectangle Box Formation before we have upside to $258.00.
Following daily.
I got a long signal with my system.
Hard TP 155.5
But I'll publish a dynamic SL and target. If you want to join trade, please follow my updates.
Moderna Inc (MRNA), a much discussed stock over the previous years, is having a +8% day, a very encouraging since following the rejection on the 1D MA50 (blue trend-line) three days ago. What's more interesting is that we have seen almost the same pattern in the stock's all time lows in 2019.
As you see, the price since September has been on Lower Lows while the...
We all know this stock saw a large rise due to world conditions over the last few years, but since that has mostly come to and end, it's time to let MRNA rest for a while. This looks like a massive Head & Shoulders if I've ever seen one, this could bring price as far down as $30, but more than likely will find some major support at below $90 in the medium term....
Interesting i article I found on the web on retracements. Different pattern but the idea is the same context. "short XA retracement particular, I realized that the B point within a Gartley-type structure that was less than a 0.618 would almost always exceed the expected 0.786 retracement of the XA leg at the projected completion point. I showed Jim this new...
Head and shoulders on Moderna stock. Biden over the weekend stated the pandemic is over based off headline news.. Just a matter of time until the stock is worth about 40-70$.. been waiting on this.
This company was worth decimals before the pandemic lol.
