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Moderna, Inc.

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MRNA trade ideas

Moderna (MRNA) Mid-Elliott WaveLooks like MRNA is entering the 5th wave of the Elliott wave theory. Over the next 20 days, the price of shares should rise up to $200. If you enter now (Monday), you should get about 25% after which the stock will enter into the correction wave. At the end of the Elliott wave, the stock will have a correction to about $70, which can be 60% short. Share your opinions or thoughts in the comments. I first noticed this idea from @ClearWaterTrading and @drsyariz so kudos to them for pointing that out. I also noticed that BNTX partially follows the MRNA trend, so we could expect similar results there too.
NASDAQ:MRNALong
by LohmaxD
8
MRNA short termMRNA is testing support. It should break out of the pennant soon. Taking into account the news, I think the break out will be on a positive note. "The U.S. Food and Drug Administration released a 54-page document outlining Moderna’s (MRNA) request for an emergency use authorization (EUA) Tuesday, bringing the biotech one step closer to the finish line. Though it is widely anticipated that an EUA is issued by the weekend, based on the precedent set by Pfizer (PFE) and BioNTech (BNTX) last week, the exact timeline still remains unclear. The FDA’s vaccine advisory committee is slated to meet December 17 to vote on recommending authorization of the vaccine in adults 18 and older." Adding to my position now.
NASDAQ:MRNALong
by financialSnail88674
10
MRNA Blow Off Top ConfirmedMRNA broke out of $100 hitting $178 within 4 days on high volume and multiple gap ups. This is significant evidence of a blow off top. Afterwards, we printed a daily bullish engulfing pattern then corrected upwards for 5 days before printing another daily engulfing pattern. The target is $100, which completes the blow off top move and the 1.618 extension of the Wave A move. Blow off tops have sharp moves and just as sharp reversals. I'd expect to see $100 by next week.
NASDAQ:MRNAShort
by adriel.arrasmith
9
MRNA closely respecting fib retracementToday MRNA broke trend as the triangle price action (in yellow) squeezed in consolidation when the markets corrected. So far, the daily chart has been responsive to its fib retracement, most recently finding support at the 38.2% level of 147.66. Based on the sector I remain bullish, with support at 147.66 and resistance at 159.20 (the latter which was proven intraday and AH). If the price can cross this then next resistance is 177.85 at its recent 52 week high. If there is a selloff tomorrow next support is at 143.25 (in red).
NASDAQ:MRNA
by dgcaste
Will Moderna save the world ?We don't know if the hype is over around MRNA. It has probably finished its 5-wave impulse and will need to settle down in correction. There is support zone in the range 87-103 formed by previous price highs and some Fibo levels as seen on the chart. From the fundamental point of view we could compare Moderna with some other biotechs: AMGN, GILD, VRTX, REGN, ILMN, BIIB. Their P/S ratios (Price to Sale) are in the range from 3.50 to 14.50. Big names like GSK, PFE, MRK make 5-7bn in all vaccine sales per year. If MRNA makes $2bn in sales, at P/S=15 their Market Cap should be around $30bn --> $77 per share.
NASDAQ:MRNA
by ProTrading24ru
8