MRNA trade ideas
strategy for MRNA FRIDAY 04/08/2022MRNA: bullish entry only above (179.00) in case of opening with a gap we would have a bullish gap and go. wait for break in resistance (180.49) to have continuity possible profit taking in resistance (184.47)
MRNA: bearish entry only below (177.50) next support zone (173.87) in case of opening with a gap we would have a bearish retest
Moderna - Short it into the Ground Never have I used this platform to message outside of what I believed Future contract or stock could do in the future.
Till now. There is a trade here too.
The tweet is from Robert F. Kennedy Jr. - confidant sure you recognize the name hence why I choose this one. (Although there are 100's)
Nice video explaining what's going on, and what the plan is going forward. Just in case you are not aware.
$PFE and $MRNA use the same tech to modify Human RNA (ribonucleic acid.) They're clinical trials are marred in fraud, they have made billions, and would be exempt from litigation except they lied about the safety of their products.
Why short Moderna instead of Pfizer? Pfizer has full pipeline of drugs, Moderna does not.
TRADE:
We're just about at the .78 Fib retracement -which is a nice entry location. The $165 - 166 area.
One hour chart, clear double top forming and the RSI is weaker. Green arrow points recent average price. This is the first target at $147.
However when the MSM finally picks up this, they'll have NO choice, this stock potentially could trade into the single digits, but of course this will take more time.
The last couple of days average volume has increased by almost 100%. One of the reasons that $PFE and $MRNA have run up is the expectation that current out break in China will call for more of these drugs.
The counter argument to that is that Chinese will not engage the Americans directly about the war in Ukraine but are using this 'Outbreak' to disrupt supply chains further in the US. Think about it - outbreak, of what Omnicron?
Because this trade setup is fairly obviously there is a chance that price may go higher to pull shorts before returning lower - so be careful. Its not implausible that we go all the way up to about $180 which would be 100% retracement on weekly Fib before heading back down.
An aggressive short: Moderna.Moderna is the example of a small company that has its entire wealth built around one thing: mRNA COVID vaccines. Before COVID, this company was moribund. As COVID vaccines reveal themselves to be much less efficacious that initially marketed and as Moderna vaccines are said to induce pretty severe side effects notably (see recommendations against it for young males in Europe), I see a potential aggressive short in this stock for 2022. They have a great ally though, and it's one of their patent holder: Anthony Fauci. But Fauci might become a handicap in the future for his potential role into gain of function research in China, his lies to Congress and his conflict of interests that absolutely no one can ignore. His fall into total disgrace might just be a matter of time (hopefully) and might drag Moderna with it. I could see the CEO progressively trying to exit. The dominoes might fall very quickly if it happens.
On the other side, the risk to the upside still exist. Moderna might manage to push other types of vaccines (cancer? other illnesses?) after its success in the COVID vaccines industry. Fauci might also manage to drag his possible prosecutions and remember, he has powerful allies himself.
Pfizer is another element to take into account. Moderna's main rival has a potential safe exit: their treatment named Paxlovid. Once Paxlovid is confirmed to be able to flood the world with a high price tag, Pfizer might not see the current vaccine propaganda to be as useful.
In any way, be careful out there! 2022 might shake things out!
Moderna... Is there a booster coming ?Quite a ride... I suspect we are getting close to the bottom unless the Apocalypse is coming.
2 Harmonic Deep Crabs forming with different terminuses depending on the X point.
Deep Crabs have a habit of going on longer than expected so let this play and break the arc to the upside first.
So monitor for now.
As always keep an eye on world markets and trends.
Not investment advice. Do your own due diligence.
Good Luck
S.
MRNA 3/14/2022MRNA
If you didn’t catch the Covid hype train going up, you can catch it going down.
MRNA’s uptrend found its top between Aug.’21 – Sept. 21 when the uptrend came to an end after closing below 50 ema which it was previously respecting to start trend.
Price fell then started to move sideways between 227-362. On Dec. ’21 price attempted to make a move up but failed to make a higher high. Price was then knocked down to support @ 227.
Price moves on to break down from support. Here we also witness a Death Cross with the 200 and 50 ema crossing further confirming the bearish conditions.
Price has entered a downtrend.
Price continued move down until it found support at 139.
Price now finds itself in a descending triangle after making a series of higher lows into support of 139. This consolidation move in form of a descending triangle after start of downtrend can also be classified as a bear flag. (If you missed the initial leg of downtrend, this will give us chance to enter trade short).
Currently, price has broken down from support area @ 139 and has pulled back to it in attempt to turn previous support into resistance.
We have located a chart pattern in a downtrend.
This pattern is currently making a series of lower highs into support.
This is my cue to enter trade.
Entering trade short.
Entry: 138.20
Stop loss: 153.26
Target: 100.00- +27.64%, 2.54 RR ratio or will trade 10ema
Moderna | MRNA | Short, Falling WedgeModerna ( NASDAQ:MRNA ) is in a falling wedge with no signs of escaping (yet). While it may have a small pop if there is good company news, the COVID-19 buying spree may be truly over. The COVID-19 pandemic will soon be an endemic and the market may shift fully away from "COVID-19 tickers". Insiders continue to dump shares. Since the start of 2022, insiders have sold $57 million worth of shares. $10 million of this total in the past 13 days (source: OpenInsider).
I anticipate Moderna to be below $100 in the coming months if it doesn't break the falling wedge's resistance.
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MRNA Mutli-week banger incomingMRNA buyers showed up last week with volume to the upside. There are a few options to play this to the upside or downside.
Weekly 2Up: 180.8 2U continuation trigger with PTs to 186.8, 193.2, and 200.08.
4H Upside: This could be setting up for a 2-1-2 continuation to the upside plus the weekly 2U trigger.
4H Downside: I would look for a trigger below 173.83 followed with 2D continuation to take us closer to the weekly retest area at 160.
Inverse Head and Shoulder/W/Cup and Handle (4H): A large cup appears to be forming since the beginning of Feb. If we get a pullback to the weekly retest area at 160, I would watch for a bullish reversal pattern and do a multi week swing up to the Jan retest zone around 200 and beyond.