1MRNA trade ideas
MRNAWe took a short on MRNA in the high 300's or so and now Moderna is in the mid 200's.
I'm looking for potential gaps to be filled on Moderna to the upside before any further move to the downside.
Possiblity is still there for further downside, although this one may try to get a dead cat bounce in here.
Targets :
280
340
226 LIS..
Moderna - FDA grants emergency Covid-19 booster dose approval. Modernas current stock price recovery might get its own shot in the arm with the FDA approving emergency use for Modernas COVID-19 Vaccine Booster Dose.
Moderna in response said the committee's recommendation and subsequent approval could lead to as much as 1 billion extra doses being available for distribution in 2022.
Might be worth a watch.
Offshore Trade Setup: Moderna IncAn extract from my research report published this morning: Moderna Inc is a name I added on 25 May at $169.47 (see attached), well ahead of the price surge to nearly $500. It's retraced sharply, to the rising trend line, with a close of 231.19 by Friday. It’s a higher risk play but the level could provide an entry for a moderate rebound as Covid-19 cases resurface globally.
Pre-market: $234.65 with a stop of $225.00.
Note: it could print a lower price intraday but like it around these levels.
Manage your risk.
Also seen: Moderna Announces Positive Data from Phase 2 Study of mRNA VEGF-A Therapeutic in Patients Undergoing Coronary Artery Bypass Grafting Surgery.
Moderna (MRNA) - BUY strategyThe decline was sharp with a gap all due to disappointments.
However, the decline was overdone, and way into the low bottom of the BB. Further, RSI quite low, and I feel we should fill the gap between $ 270-290 before we will see lower levels in the near-term.
Buy $ 220-230 for profit level of $ 278.00.
Stop-loss I think maybe 175.00.
strategy for MRNA Tuesday 11/09/2021MRNA: buy price (246.00)
MRNA: sell price (243.00)
strategy: inside bar at mrna daily shart. In case of opening upwards, we must wait for the break of the mv 200 on the daily chart, if so, the price would possibly be touching the zone of mv 200 in 15mn, as always wait for confirmation.
our bearish entry: it would be below the sell price, hopefully it can also break the support at 236.72. in that case we would have a bearish gap and go with the possibility of touching the 210.85 support
MRNA, Aaron Rodgers, The Packers, Vaccination, and TA Oh My!In this video:
We discuss current Moderna sentiment
Aaron Rodgers being un-vaccinated
The use of additional tools to measure market sentiment
Google Trends as a Lagging Inverse Correlation Indicator
Go Pack Go!
Link to Pat McAfee Show:
youtu.be
MRNA OVERSOLD Entry on WOLFE WAVE 39min time-frameVery good risk and reward. MRNA dropped more than 40% last week and extended from the 6 day moving average which is at 316. There is a wolfe wave setup on the 39 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 354 which is expected to reach this price target within approx 39 hours (195 min x 12). However, in between 354 is the 6 day ma at 316. So most likely a mean reversion target is more likely to hit and anything above 316 should be bonus profits.
To the Moon or to the Ground ???In July-August 2021, one of the Wall Street Bets top rank plays was MRNA.
Moderna did a great job in vaccine development, but that bullish move of +130% in 23 trading days was pure market manipulation!
If you think that kind of move will happen again or not, the answer is: It depends on WSB..!
I think a long Bearish-consolidation phase is ahead for Modern..!
and it could go below 200..!
Please check my previous Articles:
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
MRNA ShortDouble top + retest neckline
Possible bearish flag
11/04 earning
Short Entry 344
Stop 368
Target1 285
Target2 195
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
strategy for MRNA Thursday 11/04/2021MRNA. strategy: strong supply zone 356.77 and 353.00. From the opening being bullish we will have a gap and go remember that the closing candle on the daily chart is red. Do not anticipate, we must wait for this supply zone to break, then wait for confirmation since the opening could be in a high-selling zone. pending to mv 50 daily graph
MRNA: we must confirm our bearish entry below both charts 5mn 15mn and below the demand zone 341.84.00 and 338.37, if so, we would be taking profits in the next demand zone 327.40 and 323.56