MRNA trade ideas
MRNA breaking out on vaccines breakthrough.Moderna says its vaccine is 94.5% effective in preventing COVID-19
Reuters
Moderna says its vaccine is 94.5% effective in preventing COVID-19
Julie Steenhuysen and Michael Erman
Mon, November 16, 2020, 7:58 PM GMT+8
By Julie Steenhuysen and Michael Erman
Nov 16 (Reuters) - Moderna Inc said on Monday its experimental vaccine was 94.5% effective in preventing COVID-19 based on interim data from a late-stage clinical trial, becoming the second U.S. company in a week to report results that far exceed expectations.
Together with Pfizer Inc's vaccine, also shown to be more than 90% effective, and pending more safety data and regulatory review, the United States could have two vaccines authorized for emergency use in December with as many as 60 million doses of vaccine available by the year's end.
Next year, the U.S. government could have access to more than 1 billion doses just from the two vaccine makers, more than needed for the country's 330 million residents.
The vaccines, both built using new technology known as messenger RNA or mRNA, represent powerful new tools to fight a pandemic that has infected 54 million people worldwide and killed 1.3 million. The news also comes at time when COVID-19 cases are soaring, hitting new records in the United States and pushing some European countries back into lockdowns.
"We are going to have a vaccine that can stop COVID-19," Moderna President Stephen Hoge said in a telephone interview.
Moderna's interim analysis was based on 95 infections among trial participants who received either a placebo or the vaccine. Of those, only five infections occurred in those who received the vaccine, which is administered in two shots 28 days apart.
A key advantage of Moderna's vaccine is that it does not need ultra-cold storage like Pfizer's, making it easier to distribute. Moderna expects it to be stable at standard refrigerator temperatures of 2 to 8 degrees Celsius (36 to 48°F) for 30 days and it can be stored for up to 6 months at -20 degrees Celsius.
Moderna leading healthcare outperformanceIn our Monday pre market newsletter, Flight Path, we highlighted the healthcare sector as showing signs of outperformance. We talked about PFE, MRNA and the less popular NVAX. Novavax is still in its “NoGo” trend, but continues to ride the zero line on the oscillator. We will watch that closely.
Both Pfizer and Moderna saw nice jumps in price after the good vaccine news this week and are now in new “Go” trends. PFE has since pulled back a little and we will look to see if it can find support on the GoNoGo Oscillator at the zero line to maintain the trend.
The chart of Moderna, above, has seen a sustained move up since the beginning of the week since re-flagging a “Go” trend.
This recent rally has been accompanied by heavy volume, as we can see in the dark blue of the GoNoGo Oscillator. Momentum is now quite overbought, so we will look to see if price will pause or if it can continue to forge higher.
TT Blackbox $MRNA Bearish Swing TradeGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
Highly suggest using Google to Search "Transparent Traders" if you're trying to get to the next level.
Transparent Traders exists to solve the critical issues facing our traders, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful.
Our advanced Blackbox uses custom algorithms & predictive A.I. to locate the most accurate day or swing trades for the best chance of success.
MRNA 8H: BEST Level to BUY/HOLD 80% gains(SL/TP)(STOCKS)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
MRNA 8H: BEST Level to BUY/HOLD 80% gains(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: MRNA 8hour chart review and outlook
::: Biotech sector outperforming market
::: Currenly in accumulation stage
::: Buying low near range lows
::: is the best strategy BULLS
::: wait for pullback/dips and BUY IT
::: recommended strategy: BUY LOW 55 USD
::: SL 45 US TP is 95/100 USD +80%/+100% gains
::: BUY/HOLD setup
::: DO NOT expect overnight gains
::: This is stock market
::: Not casino in Macau
🔸 Supply/Demand Zones
. N/A
🔸 Why should I follow your setups?
:::Check track record it's all been posted
::: MRNA 200%+ gains, NVAX 300% gains, REG 60%
::: AMD 40% gains and a lot more in 2020