This is a Technical Analysis on Moderna (MRNA) on the 1 Week Timeframe.
Current price action shows that we are currently in the process of breaking a MAJOR SUPPORT Zone.
We held critical SUPPORT multiple times ABOVE the $115.00 level, for a span of about 26 months. Expressed by the GREEN circles. But notice we havent been able to successfully rally and stay...
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...
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....
Moderna
Short Term
We look to Sell at 183.71 (stop at 203.39)
Preferred trade is to sell into rallies. Previous resistance located at 190.00. Trading within a Bearish Channel formation. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be...
Moderna
Short Term
We look to Sell at 146.42 (stop at 154.23)
Preferred trade is to sell into rallies. Price action has posted a bearish Shooting Star and is negative for short-term sentiment. Trades with a bearish descending triangle formation. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look...
Moderna
Short Term
We look to Sell at 133.52 (stop at 141.88)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. Trades with a bearish descending triangle formation. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited.
Our...
Moderna - Short Term - We look to Sell a break of 137.05 (stop at 147.24)
A move through bespoke support at 140.00 and we look for extended losses. Closed below the 20-day EMA. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels. We look to set shorts in the early trade.
Our profit targets will be 108.99 and...
Moderna is getting hot with Omicron Covid variant.
It almost has no investment attractiveness from current levels, but it has potential for making some sort of reverse pattern (so we will probably see some upward movement in short-term)
You can open potential long-term short positions from fibo levels (red lines)
Dump it!
Aspen Trading S/R levels are showing resistance @ 345.
MRNA has been trading choppy between a range and now it is at the top end of the range. It looks bearish in short-term.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This...
Moderna broke weekly support making this very vulnerable towards 237-250$/share.
Will fall pretty hard in coming days - weeks iMO.
Overvalued af in the high 400's nearly cut in half but not quite yet .. currently in puts.
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NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
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SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
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The best timeframe for this strategy is Daily, Weekly and Monthly...
Chart has some good supports in current area (span B, K9, RSI=50)
MACD had a cross under 0 (buying signal)
The kumo cloud is getting thin so if k9 & k26 will cross it will be a good buying signal
