1MRNA trade ideas
MRNA $48 Price Set Up - Coincidence?It looked like an early breakout but I think it's heading down to $48. Fib, Support and Resistance all converge within a week if it holds.
$MRNA - If $57 Resistance Holds then possible outcomeIf MRNA can close above $57 I think it can reverse the downtrend. However, if it fails to get above resistance MRNA might make a run to the 200 SMA . Next stop down is $50 then $46.00 then $44. I've followed CODX and MRNA closely and they tend to trend in the same direction. If it follows CODX then it'll drop to $36 by end of the month.
Actualización de ModernaCuadro inferior marca las zonas de compra, cuadro superior las zonas de venta.
A gamble for sure. But, my bias is Bullish.Greetings. Call me crazy, but I remain bullish on MRNA despite the descending triangle on the daily chart, which is usually a bearish formation. Why? Because, I've seen this before, with TSLA. And then, Boom! Price exploded to the upside. When volume falls in tandem with price, I interpret this as a bullish signal. In addition, momentum is shifting to the upside, and trendiness indicator (DMI) signifies a very weak daily bearish trend. Finally, the linear regression channel indicates that price is close to two deviations from the normal trend, which I interpret as a signal to go LONG.
On the weekly chart, momentum and the MACD are both bearish. However the Stoch RSI is neutral, and the trend is strong and bullish. In this regard, I'm waiting for a reversal candle. I anticipate an explosive reversal candle in tandem with a positive news events (that's how BIO stocks usually trade....news-driven).
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
$MRNA Moderna Chart Review.
MRNA has began to show signs of recovery or
maybe better phrased as seller exhaustion.
falling wedge forming & range tightening.
Rising 100ma now support.
POC Holding as support.
Fibonacci Golden Pocket (.618-.65) the perfect retrace
level has also held as support.
No need to rush in, awaiting falling wedge to break.
50ma then first target to consider'
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Moderna Inc LONG📈 MRNA LONG D1
🛒BUY above = 84.5
🎯Target1 = 95.5
🎯Target2 = 114
🛑Stop loss = 66
🙈Risk = (3%-5%)
#MRNA #MRNALONG #BUYMRNA
