0QF trade ideas
ABC BullishStop under C
Valid at long entry level..which is a break of the BC leg and an uptrend, and above R
C can not be below A
Not a recommendation
MRNA: Jumping on 50MAMRNA, jumping on 50MA
Curruntly sitting on 50MA.
Could be prepping for the next leg up.
Pros:
COVID19 vaccine
PPS above 50MA and 200MA
R/R ratio above 5
200MA ascending
RS above 0, but flat
250RSI above 50
Support at 112$
Cons:
Some support at 101$. If broken, could see 80$.
If confirmed:
PT = 171$
Downward channel breached. Consolidation before uptrend.NASDAQ:MRNA The price has tested the 112.60 - 113 support level after consolidating at the 0.618 fibonacci level. As the price moves further and further away from the downward channel and as price takes support on the 50 day EMA on the daily and hourly chart, I think it can continue it's up-move as more bulls gain confidence.
In hindsight I think I've identified a head and shoulders pattern at the top, right after the high, the head peaking at about 170. After the neckline was breached, the downward channel began forming, as investors pulled their funds because the sales and performance of vaccine was a risk factor and better cash out when the hype was at its peak, and this drop was further accelerated by fears of new virus strains and end-of-year selling for tax purposes and to take profits.
Now the stock price has likely bottomed out, since the next lower level of around 95 was not reached and price is stabilizing. Moderna will have to prove it can uphold its promises and successfully bring some of its pipeline into production, for the price to reach the highs again and beyond. The billions of cash flow is a great start.
Let me know if you agree or disagree with my analysis.
MRNA near buy zone. Wave 4 buy zone (trough), projected to go above $100 on wave 5 (next crest).
Yellow triangle, long term pattern since March.
Red lines are support levels within the trend.
Blue lines are buy price targets.
Approaching bottom of wave 4 which is my buy zone or green triangle.
MRNA ComppanyThis company is one of the manufacturers of Corona vaccine.
Technically, it is ready to climb after breaking an important surface and correcting it.
$MRNA Moderna Inc $126 short term target
Descending Channel breakout today on higher volume, gains held as the market dropped
- 50MA providing support.
- RSI , Momentum & Stochastic in reversal
- short term targets as per resistance levels.
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.
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UPDATE I made mistake for my previous analysis, i didnt see the big pictures. EW is a double edge sword technique
But i still maintain, moderna is going for final ride : 5th EW
MRNA is it the end? or getting ready for the next season..#simple #fun #patient #enough #luck
Like a drama series, MRNA is getting ready for the next season...
ABC BullishSeems like vaccine stocks would have run their course to me, but what do I know?
I guess there are still folks bullish on these like BNTX etc due to deep pull backs.
Anyway stop under C and target is D
Possible T2 176.5 195.5
Not a recommendation
Moderna - get cut again or wait til 130?setup in the micro looks decent enough for me to start a partial. want it to stay above ~100 now and have a longterm target of 200 to 250 for this move
not financial advice
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!
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..
Moderna testing 70$ Moderna has benefit a lot from COVID time and coming with Vaccine is huge win lining the way for more products with mRNA tech , breaking 70$ it may go back up with good news on test results that, so far no major side effect found i hope they make success , this will justify easy 130$
MRNA - Moderna nearing a turning point [Elliott Wave Analysis]Early signs of triangular or sideways correction coming to an end appear on MRNA as it shows intraday strength.
