Head & Shoulder Correction: 5th wave $50.03 Target Price1st Wave down from the Top of the Right Shoulder bottoms at $66.88 (today's close) and is equal to a price drop of $16.85. The top of the 4th wave is 66.88 or today's close and the 5th Wave will bring the price down to about $50 where it should find support and consolidate into a wedge established by today's high.
MRNA trade ideas
MRNA: 15% slide this week to Buy ZoneMRNA: $49-$51 Slide on pfizer news / Rebound on Wed/Thurs $54
A few thoughts: Pfizer R/D out first thing Monday and I think the news will complete the slide to the support line ($49-51). Should rebound to $54 where it'll have resistance on Wednesday. I think the MRNA R&D news on Thursday will determine a further slide to $44-46 or a big bounce back up to $63
Long term (big picture) is very simpleYou may have seen so many similar charts that look like this before
And this is no difference.
Are you guys very excited to the vaccine?
However, if you like the noise from the news, you would trade this. But news will make your emotions hit the roof.
GL trading!
My word of advice? You'll be trapped in different price. Place ur bet.
Investment Strategy? It will be history. Period.
$MRNA - If $57 Resistance Holds then possible outcomeIf MRNA can close above $57 I think it can reverse the downtrend. However, if it fails to get above resistance MRNA might make a run to the 200 SMA . Next stop down is $50 then $46.00 then $44. I've followed CODX and MRNA closely and they tend to trend in the same direction. If it follows CODX then it'll drop to $36 by end of the month.