Informed Players and speculators at Sub $100 levels are booking gains we wait for additional drwadowns and re accomodation ACCUMULATION of designated Bankers for the next run up OR cycle Vaccine COViD was intense HiV was the sell on News.. we await next Drama and Biden Policy on Healthcare etc.. for now Watch or Chrun at key leves (eyeball the box)
10th trade in May is NASDAQ:MRNA . Holding period is 22 days (5/1/23 - 5/23/23). Account is up 0.25%. Total return in May is 3.83%.
This strategy dissects the dual nature of big pharmaceutical firms like Johnson & Johnson, Pfizer, Moderna, and Merck & Co viewed through base Fibonacci Extension Clustering. Despite big pharma's significant contributions to healthcare, these firms have benefited from questionable practices, including price manipulation and exploiting addictions . Price...
support zone become resistance zone also context is looking good for short selling price is below weekly and monthly VWAP m30 chart show bearish engulfing to confirm entry so this level is OK to short
Bear continuation pattern. Price heading to the main support at $118 level.
I plan a short trade ( NASDAQ:MRNA ) at 144.41. The entry is just before the resistance zone at ~145.50 which is also confirmed by the Fibonacci 0.5 level. At 146.69 is the stop loss placed so that there is enough space to breathe. The take profit is very conservatively placed at a risk-reward ratio of 1:1.
MRNA descended this past winter off a head-and-shoulders pattern on the daily chart just under the demand zone as shown by the LuxAlgo indicator. Price is now in a downtrend heading into earnings tomorrow. MRNA needs to show something good otherwise it will break through the demand zone and keep going down. This is a risky earnings play betting that...
MRNA m30 show diagonal corrective pattern divergence and gap down on pre-market
Part 1: The136.50 target was hit and Moderna is now resting at a critical neckline area which bulls have defended for quite some time. I expect a small bounce here but ultimately, a break of this level and a spill much lower. View of the weekly chart below: This is a head and shoulders within a head & shoulders playing out. It would be invalidated if MRNA can...
I will be looking for a short tomorrow on any bounce. Bearish marubozo daily candle with a rejection of the 200DMA, cutting through the 50DMA(green) then 20DMA(yellow) like butter and on monster volume. Not good! High probability of downside continuation tomorrow & the 20 + 50 DMAs will now flip from support to resistance. Downside price target: Major area of...
MRNA has been in a bearish trend from quite a while but now it has started to move back up Its following a very good resistance trend retest . The recent drop was due to bad news but it should be back on track soon According to FIB after crossing 176 the bullish reversal will be confirmed Entry @ 176 SL 170 TP after 202+
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...
$MRNA has bottomed recently, and has been trending logically in the daily timeframe, we have a 2nd signal forming here, continuing the uptrend that kicked off on March 13th. Upside can be substantial given broad market action, so I suggest to get involved with the stock (and likely also $PFE soon) here. Best of luck! Cheers, Ivan Labrie.
The price is moving into a range which was already tested in 2021. Possible positive price action on the go on this last wave. But it may be too early to say it.
SPY - I had no real bias going into today's session other than mentioning last night that downside was more likely to come today because of the failed 2U daily created on monday. We closed slightly red after seeing a decent drop to the high 393 area, forming a weak bearish 2D. Going into wednesday (3/29), I am hoping to see some downward continuation to the...
There is a high probability that it can hit 250 in next 3 months, it must break above 170 first. Some big news around 170 can make it hit 250.
SPY - Once again we were bullish going into today and ended up getting that upside movement we wanted. Tomorrow is FOMC so no real prediction for tomorrows movement other than some chop leading up to the news. As far as the news goes, I am leaning more on the bullish side but quite honestly that is purely a guess. Trading light tomorrow if I take anything, and not...
After the MacD turned bullish for Moderna, I believe we will finish the harmonic pattern until we hit the trend line at around 167-170. Not financial advice, good luck to all :)