Bulls energy was not enough to break out over $130-131 resistance level; though intraday break-outs occurred.
Consolidation continues with retracement to lower $120-115 range.
Entering below the resistance is risky though. And the assumption above of course remains a hypothesis.
Therefore, I'm waiting for confirmation above $132 resistance with bullish momentum telltales.
Fundamentally, MRNA still is targeting $140 and $150 with momentum upside to $160.
Consolidation continues with retracement to lower $120-115 range.
Entering below the resistance is risky though. And the assumption above of course remains a hypothesis.
Therefore, I'm waiting for confirmation above $132 resistance with bullish momentum telltales.
Fundamentally, MRNA still is targeting $140 and $150 with momentum upside to $160.
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Related publications
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.