MRNA trade ideas
MRNA Bear Call spreadSold 187.5/190 call spread
8 DTE, 20% ROI, 6.25% above underlying at fill
MRNA hourly chart at strong aggressive imbalance at hourly RBD zone, at 4h DBD zone
Strong imbalance above it at the 186 liquidity shelf.
At Hourly trend is up, removing supply zones, running into the 4h zone.
Anticipated direction is sideways from the 4h interaction and strong selling imbalance
Hourly candles are getting smaller and tighter as rally continues, but still in an uptrend.
I'm seeing Last price print at .58 and I'm not sure who the hell is getting those prices because I never seem to be able to.
$MRNA Moderna Was Such A Easy Long Today.
Having your chart prepared with defined levels off support can be very rewarding, today was one of those perfect trades in MRNA.
We caught the reversal bottom off support and called the top perfectly at a level of strong resistance.
We managed to get a lovely 10% return as a result of having alert set at support, our next alert is set at $165.35 for another potential long .
Triple Top in MODERNAThose who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Road Map for next week earning call!
If you have the stock better have a tight stop loss or exit plan!
watch the stock closely for the short opportunity, since the market did not respond well to earning reports in the last 2 weeks!
Evaluate the possible scenarios:
1- What Is a Triple Top?
A triple top is formed by three peaks moving into the same area, with pullbacks in between.
A triple top is considered complete, indicating a further price slide, once the price moves below pattern support.
A trader exits longs or enters shorts when the triple top completes.
If trading the pattern, a stop loss can be placed above resistance (peaks).
The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point.
www.investopedia.com
2-What Are Three Inside Up/Down?
Three inside up and three inside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and a move in the other direction might be starting.
www.investopedia.com
3-Trading value!
When prices reach new highs (or no lows) on decreasing volume , watch out; a reversal might be taking shape.
The constant decrease in trading value from 9.5 billion to 1.5 billion in the last 4 months.
www.investopedia.com
4- Bearish harmonic pattern
www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
The HERCULES portfolio
Disclaimer
The author of this idea is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
MRNA: I wish I could cheer her up!There is literally a sad pattern on this chart, how cool is that?! lol Check out the double top (eyes) and a mean MACD, which every time it turns red MRNA takes a deep dive.
The earning call is coming up too, and I have a feeling that people are not going to like it and would probably get sad too. Moderna's vaccine is going okay but I've heard mixed stories about their CEO and their companies fundamentals.
About this sad face, the square in the middle is a resistance area so it's not just a nose! And the lips show where this "M" is probably going to end up settling down.
Honestly, I was going to wait for confirmation but this chart just looks way too interesting, so I thought I'd just post it for fun. I'll probably get a few puts too just to see how things are going to turn out!
Will we finally see 200+?My analysis for MRNA
On May 3rd or 4th, breakout is expected
- Flag marked with thick purple lines.
- Triangle marked with upper thick purple line and lower green line
- Diamond (marked in green dotted lines) should drive stock into the zone marked with small purple box.
- Breakout may happen at the top right corner of the purple box. It may also break out hours (maybe a day) after, and if it does, it may move according to the green arrows.
- Stock should reach top of grey box before May 10th, further analysis to be done after hitting the top.
I'm not a financial advisor. Follow my advice at your own risk.
Time to take profitToday I take profit on my position in MRNA.
I believe in the company long term, but short term uncertainties could provide a nice entry on a lower level.
1) It's close to the All time high set in February which could provide some resistance.
2) Earnings will be announced on the 5th of May and it's very uncertain what that will bring.