1MRNA trade ideas
A cup of tea broken $MRNA bullish pattern on the micro
micro
we can see RSI Divergence (short term) & cup of tea pattern broke with a 20% + momentum (Day)
macro
$MRNA challenge 2022 downtrend line will it cross it on high volume note cloud be a potential strong long call
if $MRNA shows weakness the following week take it to a short trade
MRNA & BNTX are free callsDoji (W) on both stocks
Fundamentals are terrific:
Forward cash and equivalents make those stocks nearly free ( pipeline, production capacity, distribution networks priced at 0) :
- most contracts for 22 are already signed and/or partly cashed in (US still negotiating for MRNA),
- contracts signing for 23 has started as well as governments have to be ready ( access to the doses) in case of new Covid waves
- MRNA is developing a new concept (2 MOU signed) that i d call PAAS for biotech ( government would be entering into a 10 years agreement in exchange for benefiting of their own capacity and modularity of vaccines development and production). The point being like for SAAS and PAAS in IT pricing model would be recurring.
So fantastic defensive stocks in the current environment ( favoring cash, dividend and real assets ) and then we might get lucky as well !
RectangleA very wide rectangle.
A Rectangle is a horizontal trading channel that binds price action inside of it until price breaks up or down from the channel.
This can be a very long term pattern in some cases.
Some may swing trade inside of a Rectangle this big.
The top line is resistance and the bottom is support.
Targets for a break to the upside in green above the structure and possible targets for a break down are in orange below the structure with target 1 being in larger type than T2.
I have traded MRNA off and on but have never been a long term investor.
I guess I do not feel the panic surrounding the pandemic and will last forever, because it seems not much does last forever.
No recommendation.
Former parabolic arc that is best seen on weekly. Most arcs fall at least 50% with the average being between 62 and 79%.
This rectangle formed between the .618 and the .786 of the very long trend up.
Strange (o:
Moderna, Inc. Flashes Bearish SignalsWe have a lower high, compare this past 16-November to 4-August.
We also have a clear bearish pattern in the form of a rising wedge.
Going by the candlesticks, we can spot some bearish signals there as well.
16-Nov. Doji is a bearish candle.
18-Nov. another bearish candle, confirmation of the previous one.
Today we gapped lower which gives strength to the bears.
A correction can easily form here.
CHANGE
MRNA needs to break and close above 188.65 for the bullish momentum to resume.
Trading below 185 spells doom.
Support levels/targets are marked in light blue.
Namaste.
Moderna showing strong upside to $258.00Moderna has broken up above the 200MA...
It looks good for upside along with the American rally with (lower than expected inflation rates, high GDP numbers and higher jobs).
We just need a strong breakout above the Rectangle Box Formation before we have upside to $258.00.
$MRNA +30% Vaccination?Hello dear Traders,
Here is my idea for #MRNA
Price closed above yellow line (previous month high)
Price closed above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
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MODERNA has most likely bottomedModerna Inc (MRNA), a much discussed stock over the previous years, is having a +8% day, a very encouraging since following the rejection on the 1D MA50 (blue trend-line) three days ago. What's more interesting is that we have seen almost the same pattern in the stock's all time lows in 2019.
As you see, the price since September has been on Lower Lows while the 1D RSI has been on Higher Lows, indicating a Bullish Divergence that is often seen on market bottoms before the price reverses. The very same Bullish Divergence was spotted from June 25 2019 until August 07 2019. It was also a remarkable 1D candle of +20% back then that signaled the sentiment shift. The price confirmed those bias when it broke above the 1D MA50. The break of the 1D MA200 (orange trend-line) a few days later opened the way for an incredible two year rise that was of course dominated by the COVID fundamentals mostly.
It is worth noting that at the moment the 1D MA200 is too close to the 1D MA50 as opposed to 2019, so best to have our mark on the 1W MA100 (green trend-line) which has rejected both of 2022 uptrends in March 21 and August 04. It is exactly now where the 200.00 Resistance is (formed by the August 04 High). Also notice that the 1W MA200 (red trend-line) has made its appearance in October for the first time in history and provided the necessary Support for the early October push.
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Moderna, what goes up must come down...We all know this stock saw a large rise due to world conditions over the last few years, but since that has mostly come to and end, it's time to let MRNA rest for a while. This looks like a massive Head & Shoulders if I've ever seen one, this could bring price as far down as $30, but more than likely will find some major support at below $90 in the medium term. Will be carefully watching this one.
MRNA earnings 11/3 @ 7:15amMRNA Q3 September 2022 earnings are on 11/3 at 7:15am. Moderna (MRNA) reported Q2 June 2022 earnings of $5.24 per share on revenue of $4.7 billion. The consensus earnings estimate was $4.50 per share on revenue of $4.2 billion. Revenue grew 9.1% on a year-over-year basis. A possible long entry is dca 11/4 expiry otm calls the next week while everyone is focusing on Mega cap earnings week. Especially since MRNA pops on news and you don't know what day that will happen going into November.
Q3 September 2022 Consensus:
EPS = $4.83
Revenue = $5.13B
P/E = 4
52week high = $376.75
52week low = $115.03
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
MRNA harmonic 886 retracement. Interesting i article I found on the web on retracements. Different pattern but the idea is the same context. "short XA retracement particular, I realized that the B point within a Gartley-type structure that was less than a 0.618 would almost always exceed the expected 0.786 retracement of the XA leg at the projected completion point. I showed Jim this new pattern — called “the Bat” — which used what I was calling a “deep 0.786 retracement.” I told him that executing at the 0.786 without regard to the structure was a critical mistake. Besides, the 0.886 retracement, when used in the correct pattern structures, reduced the amount of risk in previously “undifferentiated” Gartley set-ups by 10 percent."
old.harmonictrader.com
I hope you enjoy the TA.
$MRNA - Head & Shoulders + Double Top continuation baseKey intakes:
- Head & Shoulder Pattern (m).
- Double Top Pattern (w), as the right shoulder of the above.
- No breakout yet to confirm both.
- Are you sure you want to short this market with so much congestion underneath?
- Are you sure you want to go along with so much bearish presence?
- Immaculate example of how an uptrend can be captured with just:
1. A breakout from the IPO base;
2. A 10 EMA (m) trailing the price;
3. A ***tload of discipline and confidence in your system earned through countless hours of chart time, backtesting and a lot of golden teeth.