lets see if MRNA holds this zone.I think if we just hold this level that we will consolidate a little more then pop back up
0QF trade ideas
FLAGLooks like a BEAR flag, but any flag can break up or down just like a any triangle can. This is a consolidation pattern, like a price congestion knot of sorts.
A flag needs a pole which is a fairly strong move in one direction, an up move for a bull flag by definition, and a down move for a bear flag . A bull flag usually slopes down, against the prevailing trend and often it is a pull back. A bear flag often tilts up which goes against the current trend and the pole which is down. A flag should be relatively short in duration, less than 3 weeks. A flag should not go on and on as it will become too heavy for the pole to support it. Taking a look at the pole in relation to the flag can help. A pennant is similar to a flag but is known to be more wedge shaped, they tend to narrow at the apex.
Price is below the 50 SMA . The 200 is still sloping up which suggests price is okay for now long term. The 20 just crossed down and through the 50 which is a bearish crossover.
Former parabolic arc so volatility should be expected.
No recommendation.
When buying pull backs, bear flags can hibernate and suddenly appear and mess up your pull back trade if you are not aware. They appear after sharp moves to the downside, but like a bull flag , can break either way.
Targets can be calculated up or down by moving the pole to the support line of the flag depending on the direction you think it will go. Today, this flag is trying to break to the downside, but the only thing that never changes, is change. News affects biotech more than other industries sometimes, which can make them difficult to trade at times.
MRNANASDAQ:MRNA Harmonic Shark Positive it has almost reached T1 !! PLEASE watch out Earnings is coming
Gap Fill MRNAMRNA double tap off of 338 support. Look for MRNA to break flag pattern and fill the gap.
Trade idea This is what i am thinking about MRNA now- Buy only above $357 or short if its below $315
Moderna Announces Positive Top Line Data from Phase 2/3 Study ofMRNA: Moderna, Inc.
2021-10-25 08:30:00
Moderna Announces Positive Top Line Data from Phase 2/3 Study of COVID-19 Vaccine in Children 6 to 11 Years of Age
QuickTrade : MRNABearish test of the daily EMA, for me.
But as the consolidation area is not so extended, we can use these levels :
Short position with stop at 358
Long position with stop at 313
Moderna Elliot Wave CorrectionI believe that Moderna ($MRNA) is in the middle of an Elliot Wave Corrective Pattern. It seems to be rising up in the middle of the B of the ABC correction.
Price Target = Around $170 near January 1st, 2022.
✅MODERNA RESISTANCE AHEAD|SHORT🔥
✅MODERNA is making a rebound
And will soon retest the resistance
From where a pullback is likely
With the target being the recent low
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Moderna ShortMRNA ABC Correction Pattern.
Seems Moderna in a harsh dead cat bounce right now that is being buoyed by the booster authorization.
Short-Term target at 190.
$MRNA Jiego's Full Cycle RSI Framework$MRNA latest ... held point 4 (RSI 43s support) of the Jiego's Full Cycle RSI Framework .. Looking at Point 5.
MRNA trying to bottom out hereMRNA is bouncing off what use to be its top trend line resistance in 2021.
when a stock is bullish and resistance breaks, that resistance should turn into support when the stock dips again. I believe thats what is happening here on MRNA, also notice how the RSI bounced around this exact area plenty of times this year? my price targets are 355/390 before another pullback.
666 by END OF NOVEMBER - MURDERNA (MRNA)5th Wave on Moderna, possible 666 in the next month, while accumulating now. Thoughts?
$MRNA Moderna relief Bounce trade
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Buy MRNA 13/10/2021You can buy MRNA target 447.6 stop loss 272.3
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio. Good luck
Start of the new move ?I am liking the move up with MRNA today and i think we are getting started for the leg up. Initiated a small position.
Stocks - MRNA Short (S3) Aug 13 TargetIdea for MRNA:
- Good level for reversal. Aug 13 is the capitulation date.
- Stop is at 41 degrees.
- Gamma squeeze bubble ends with big deflation.
TP1: Gap fill 260~
PT 0.5 retrace of move:
GLHF
- DPT
$MRNA Spring is getting loadedBullish Spring load.
Decreasing volume at around 375-400 shows more gas to boost the rocket up.
Moderna sliding back to Earth. MRNAPivot on a huge impulse fractal confirmed. We are drawing more and more zigzags from now on. Our goals are shown.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Moderna Short Selling CallAfter bullish trend and a distribution phase it is expected that bearish trend would be followed.
Short selling would be advised.
Entry position mentioned in charts
