MRNA trade ideas
MRNA (Moderna) facing a major resistance level MRNA has been in an uptrend that has taken it to a major resistance level at $190 but it seems it will bounce back cause MACD is not supporting the trend. Andrews Pitchfork is also showing that the median line is acting as resistance and the stochastic is so high, indicating that the trend is about to end. I guest it will go back to $170. This stock is a sell for me right now.
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 .