Vaccines are here to stay and many companies will have a good balance sheet in coming years. Moderna is a buy and I am DCAing from 186 down to every monthly dip.
MRNA will recover above 200 within 2022
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...
We have seen some solid price movement on MRNA over the past week. We saw pushes past the 180 levels of resistance and now hover within the 190 zone. I am looking for a nice clean break out of $200 to hopefully give us enough legs to get to $210 in the coming weeks. On the daily chart we are coming out of a MACD Cross which is one of my favorite technicals to look...
MRNA has rallied 66% from its bottom set in mid june.
Technical indicators suggest a strong turnaround.
The P/E ratio and Forward P/E ratio remain in the low single digits.
I boosted my position when the price crossed above the 50 day EMA.
I will take advantage of any pull-back below the 200 day EMA close or low.
Overall, this is still a nice entry point if...
MRNA is consolidating inside the range for several weeks; and then, it's likely breaking out the upper range after earning announcement. I apply WTZ1, my favorite setup, for making the plan. The Next range is supposed to be its target. Good Luck :oP
Catalyst may be the federal government's plan to purchase
vaccines for new Covid variants for the fall but then again
purchases from governments on a global basis is further
for future revenues being priced in.
Chart shows trend reversal with crossovers of RSI, MACD
and relative volume.
Is MRNA about to get a fever>
Either this is the start of a new uptrend or it is just a pause in the down trend, Moderna has broken the bear channel which should imply a push higher at least in the 270 area.
SL around 135 below 0.65 FIB from last wave.
Bearish on MRNA, though earnings are always a toss up. If we see a breakout to upside, I believe it's a good short opportunity. Earnings may just flop, and it finds itself testing neckline of weekly H&S, sloppy looking one at that.
Notable areas that could see short term reversals and/or support...
$102, 95, 88, 75
MRNA has retested support around the 156 area and showed a bullish close on the hourly/4hour/daily charts. The range here is 156 to 184. MRNA had a healthy pullback to support and now looks to continue upward in the range.
MRNA overbought on couple indicators on various time frame charts chart has long term support and long term resistance looking for a correction back to cloud support of $150 range. Purchased August 12 $175 puts will add if needed
You don't see beauty like this very often!!! Take advantage!!!
Flow and Algo support this move, Charts support this move, News and Politics support this move. Massive H&S, Same Pattern.....
R/R perfect.... DROP IT
I am ALL IN
The stock already has been testing little higher and subsequent movement lower has moved stochastic in negative territory amidst a high RSI.
It feels we may see a test of $ 155.00 area near the GANN support is my personal view.
Bullish
Fundamental
- High inflationary Macro environment / No fear sentiment
- Funds Accumulation
- Positive PE
- PEG
- Positive P/FCF
- Strong Sector / Industry / Leader
- Misc thoughts : looks like biotech is hot
Technical
- Momentum Theory Indicator - momentum bottomed and broke out
- Price action formation ( falling wedge )
- Broke Trend line /...
