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MODERNA INC DRNMODERNA INC DRNMODERNA INC DRN

MODERNA INC DRN

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M1RN34 trade ideas

MODERNA. bouncing OFF the FIB 618 support lineMODERNA. bouncing OFF the FIB 618 support line - almost a month of decline pulling back down, to a level now of fibonacci retracement at the 618 level ---- as support for the moment. Possible redirection seen. Alwasy good when the DOW is up significantly...for all stocks on a green day. RSI --- very low below 20. which adds to the support...for room to move up for now....at least. ___________________________________ Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
NASDAQ:MRNA
by eziolisi_Investments
5
MRNA IS it finding its place?Looking back to July, the falling wedge bullish pattern was confirmed where we see a rebound near the previous July and May low, keep in mind: Support 0 level IDENTIFIED (as in lowest rectangle area) When MRNA Breaks previous MAY&JULY high in December/Novemeber, strong volume indicates buyers are in control, Keep in mind: Support 1 level IDENTIFIED Buyers took control but not for long; was this impulsive move? Sellers IS in UPPERHAND right now, switfly defeated most fib retracement level, the break downward seems inevitable, BUT, let's see if MRNA will be able to hold 0.382, if not I will see it at 0.236 On the indicators: MACD shows no sign of reversal so far, RSI entering weakness zone Fundamentally, MRNA has potential, but it will be a tumulutous ride, hold my beer if you are IN!
NASDAQ:MRNALong
by jerryz73001
3
MRNA long trade with a PPH hedgeI like MRNA long here and I feel it has closed a significant gap to the downside. The move today was quite bullish in terms of a reversal setting up and the Fib analysis shows that a potential retest of 135 zone may occur soon enough. This is in addition to some of the positive news that have been flowing on MRNA vs PFE vaccine usage as some states preferring MRNA due to low requirements on cold storage etc. Nevertheless, I am not a fan of news driven trades and so I would like to pair this with a put hedge on PPH (figure below; courtesy @the_chart_life on Twitter). It is an interesting pair trade though PPH may not give me enough bang for the buck in case the market does turn and drag everything down with it. We shall see..
NASDAQ:MRNALong
by unknownreference
4
Moderna (MRNA) Bounce ComingApproaching 200 MA Gap filled Oversold Revenue will sky rocket with all of the vaccine orders MACD is improving Yes its pharma, yes it looks like a dumpster fire and we cant trust them BUT I can't help it. I see a bounce form $95-105 range to $135-155 range if not back to ATH after all the vaccine orders materialize in actual revenues. We might still dip more but keep a close eye on it. We dont even have to worry about technicals, Fauci and the boys will pump this up.
NASDAQ:MRNALong
by bossmodetrader
4