Moderna (
MRNA) may be gearing up for a multi-month reversal after a prolonged downtrend. Price action is compressing in a tight base, suggesting a potential 6+ month breakout could be in the cards.
📊 Key Technical Notes:
Trading near long-term support with signs of accumulation
Bullish divergence forming on RSI and MACD
Volume contraction hints at a volatility expansion ahead
Overhead resistance sits between $60–$80, aligning with previous breakdown levels from 2023
⚠️ Breakout Trigger: Watch for a decisive move above $29.50–$30 on volume. A sustained breakout could initiate a powerful move toward the $60–$80 resistance zone.
📍 Levels to Watch:
Breakout zone: $29.50–$30
Resistance targets: $60, then $80
Key support: $25–$26
🧠 This is a longer-term swing trade idea — ideal for patient traders looking to front-run institutional rotation into beaten-down biotech names.
#MRNA #Moderna #SwingTrade #BiotechStocks #LongTermSetup #TechnicalAnalysis #StockMarket #BreakoutSetup #OptionsTrading #TradingView
MRNA) may be gearing up for a multi-month reversal after a prolonged downtrend. Price action is compressing in a tight base, suggesting a potential 6+ month breakout could be in the cards.📊 Key Technical Notes:
Trading near long-term support with signs of accumulation
Bullish divergence forming on RSI and MACD
Volume contraction hints at a volatility expansion ahead
Overhead resistance sits between $60–$80, aligning with previous breakdown levels from 2023
⚠️ Breakout Trigger: Watch for a decisive move above $29.50–$30 on volume. A sustained breakout could initiate a powerful move toward the $60–$80 resistance zone.
📍 Levels to Watch:
Breakout zone: $29.50–$30
Resistance targets: $60, then $80
Key support: $25–$26
🧠 This is a longer-term swing trade idea — ideal for patient traders looking to front-run institutional rotation into beaten-down biotech names.
#MRNA #Moderna #SwingTrade #BiotechStocks #LongTermSetup #TechnicalAnalysis #StockMarket #BreakoutSetup #OptionsTrading #TradingView
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Youtube: youtube.com/channel/UCO85FMvCQzxq5QBEOpERkRg
Linktree: linktr.ee/swingtradepros
Website: swingtradepros.com
Discord: discord.gg/swingtradepros
Linktree: linktr.ee/swingtradepros
Website: swingtradepros.com
Discord: discord.gg/swingtradepros
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.