$MRNA LONG TRADE IDEAOmnicron is on the rise and the travel season is going to further increase the number of cases in US. More and more people are running for booster shots as well. The stock was hammered last week and is close to oversold on longer timeframes. Thursday saw a nice reversal from 238 for a potential double bottom on 30 mins.
TRADE IDEA:
260C 12/31 on break of $253
TP: 258,270,280
SL: 245
MRNA trade ideas
Symmetrical TriangleThis pattern is neutral until a trendline is broken with a trend in that direction.
Touch number 5 did not make it to the top trendline, so some would call this a partial upswing as it stopped short of the top trendline.
A Triangle is a consolidation pattern and any of the 3 triangles, Descending, Ascending or Symmetrical can break to the upside or the downside.
Possibly post Parabolic Arc and has just about nailed the .618 fib level. On average, an Arc will fall between the .618 and the .786 of the prior high after measuring from the ARC bottom to the Arc top using a Fib table. But an Arc can fall less or more than these levels. Arcs do not usually shoot down like a rocket as they did on the way up. It is often a slow, yet volatile process to reach the landing pad.
Some levels of hard resistance noted overhead.
No recommendation.
To guesstimate 100% targets for a triangle, some would take the length of the wide, open end and project it upward and downward, as this could break either way. There are different ways to do this and we are all different. Price is at the bottom trendline of the triangle in this chart which is support.
Moderna breaks out from the downward price channel
Share prices are now out of the bearish channel and have breached a major resistance line at 2784.84 and the 200 MA line in M30. Share prices are now out at open waters and could navigate its way back up if it holds above 278.84. We have resistance around 298 and 310
$MRNA strangle-ish...Looking for the right opportunity here into the end of the week. MRNA paid big for me last week, sitting here this could rocket back to $300, or drop to new lows. Looking at $300/$330 call spread paired with a $240 put...all in about $3.00 so risky play, but a lot of time for a stock like this to make it's next move...
Moderna Analysis 11.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
$MRNA interesting zone...We got the big bounce on renewed fears of COVID, then a pullback with the market weakness. Now to decide, is this market pullback about COVID? If so, this should bounce again, close to $400+ maybe, if not, then the weakness could pull us all the way back to the last low point. For now I have a $400 call and a $270 put for next week. Let's see how end of week goes
Stocks - Moderna Nu Pump and DumpIdea for MRNA:
- Contrarian bet
- Investors believing that Nu variant will be a boon for Moderna and vaccine stocks.
- I think the opposite. Exit for Vaccine pump and dumpers before the bear market.
- Either the Nu var is a ruse, and we dont need boosters (bearish MRNA)
- Or Nu var is resistant to all vaccines (bearish MRNA)
Either way, very cheap to fade it right now.
Long 225P Dec 17 (1.00) debit
GLHF
- DPT