Nothing to do if the price is hitting highsIt is necessary to wait for the price to fall back to look for an entry or wait for the price to break the high forcefully and then look for a new scenario to continue the upward trend
0QF trade ideas
Moderna leading healthcare outperformanceIn our Monday pre market newsletter, Flight Path, we highlighted the healthcare sector as showing signs of outperformance. We talked about PFE, MRNA and the less popular NVAX. Novavax is still in its “NoGo” trend, but continues to ride the zero line on the oscillator. We will watch that closely.
Both Pfizer and Moderna saw nice jumps in price after the good vaccine news this week and are now in new “Go” trends. PFE has since pulled back a little and we will look to see if it can find support on the GoNoGo Oscillator at the zero line to maintain the trend.
The chart of Moderna, above, has seen a sustained move up since the beginning of the week since re-flagging a “Go” trend.
This recent rally has been accompanied by heavy volume, as we can see in the dark blue of the GoNoGo Oscillator. Momentum is now quite overbought, so we will look to see if price will pause or if it can continue to forge higher.
MRNA short-term Vaccine playToday it seems like moderna breakout from bull flag, but a relatively mediocre volume and slight rejection of the higher price does not indicates much of an impulsive upward due to vaccine-hysteria.
Enter the trade? Maybe I would only consider a short-term play, but without insider information on vaccine progress/news boost, I advise you to be cautious.
PS: Please post your views on the long-term fundamental potentials of this company in the comment section, Feel free to leave a thumbs up or down
This is not investing advice, please seek professionals, personal ideas worth sharing
TT Blackbox $MRNA Bearish Swing TradeGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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MRNA 8H: BEST Level to BUY/HOLD 80% gains(SL/TP)(STOCKS)Why get subbed to me on Tradingview?
-TOP author on TradingView
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MRNA 8H: BEST Level to BUY/HOLD 80% gains(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: MRNA 8hour chart review and outlook
::: Biotech sector outperforming market
::: Currenly in accumulation stage
::: Buying low near range lows
::: is the best strategy BULLS
::: wait for pullback/dips and BUY IT
::: recommended strategy: BUY LOW 55 USD
::: SL 45 US TP is 95/100 USD +80%/+100% gains
::: BUY/HOLD setup
::: DO NOT expect overnight gains
::: This is stock market
::: Not casino in Macau
🔸 Supply/Demand Zones
. N/A
🔸 Why should I follow your setups?
:::Check track record it's all been posted
::: MRNA 200%+ gains, NVAX 300% gains, REG 60%
::: AMD 40% gains and a lot more in 2020
