MRNA bouncing off cluster support area, also at a nice RSI support zone. we can possibly see another rally to 156.19-177.60 now
Bullish Flag on MRNA, Target Price 185 which is a swing high. Earning report was good, people use and need drugs and will continue to use and need.
We likely see a relief rally which will carry all stocks. We saw after hour that $FB missed earning but rallied anyway. Denmark announced today that it is ending all COVID treatment. thecountersignal.com Expect other progressive governments to follow suit - although their probably not that many anymore. Sure you could look at the excess deaths that...
So here in America we no longer check for flu and well somehow people get the flu during spring or a cold or what not and everyone thinks they got covid... im assuming these stocks still have huge upside in booster shots and continuous production of MRNA as a major goal is to all n all prevent it and have an over-the-counter medicine for it. Solid are to keep...
You can see many supporting facts for my prediction on the chart... NASDAQ:MRNA
The PEAD projected a Bullish outlook for $MRNA after a Positive over reaction following its earnings release placing the stock in drift B.
Currently at great support for earning play and see many bullish options flow in MRNA & NVAX.
MRNA double topped at 188 before rounding off into a bounce at 150. From 150, MRNA is now bear flagging into the 4hr 21 ema. Watching downside to retest 150 soon.
It's holding 50 MA strong and as a spike in COVID cases in china; vaccine stocks like MRNA, JNJ, PFE, & NVAX could be bullish again.
Again, people are getting sick and well there's no more testing for the flu so when you're sick well to bad you also have covid smh... the market is going to retest the trend line and we're going to hear bad news about lock downs in other country's that have nothing to do with ours but affect the market... The new way of fooling investors is getting people to sell...
MRNA: bullish entry only above (179.00) in case of opening with a gap we would have a bullish gap and go. wait for break in resistance (180.49) to have continuity possible profit taking in resistance (184.47) MRNA: bearish entry only below (177.50) next support zone (173.87) in case of opening with a gap we would have a bearish retest
I like the pattern break here, good confirmation for continuation. Swing puts until end of week.
MRNA Initial Short on the Daily. 5x leverage, TPs and SL on the chart.
After forming strong support around $170 if market momentum continues it could go above $200.
Last Moderna short idea I'm publishing for a while barring any further developments. Being buoyed by recent booster authorizations. Lots of resistance to the upside, little to the downside.
going down..rejection from previous high expect some bounces on the way..
MRNA is at 50 MA support and if the market remains bullish we could see its momentum above $200. Below is the link for the trade idea for the week of 03-28-2022 *all the content is for information only and it's not trading advice. Trading involves risk* nimb.ws
Next week we could see an MRNA test at $200 level or higher with bullish momentum continuing in the market.