Last Moderna short idea I'm publishing for a while barring any further developments.
Being buoyed by recent booster authorizations. Lots of resistance to the upside, little to the downside.
Holding and continuing to channel up after an overreaction from a failed merger.
Very solid business with a high market share around 30-40%.
Backdrop of the space sector is booming for AJRD on the cutting edge of hypersonics, satellite launches, and deep space NASA missions.
Short-term, 2-6 month target of around 44
Long term, 1-2 year target of 50-55+
Overvalued to undervalued.
About 175MM in free cash flow for 2021. 12.5% growth over 2020.
Even a modest growth or near term slow down, intrinsic value is about at $50 a share, more time and average growth rates is pushing $60/ share by 2023.
Very smart management, evidenced by the doubling of convertible notes issue in August 2020, sold at the top...
I believe that Moderna ($MRNA) is in the middle of an Elliot Wave Corrective Pattern. It seems to be rising up in the middle of the B of the ABC correction.
Price Target = Around $170 near January 1st, 2022.
MRNA ABC Correction Pattern.
Seems Moderna in a harsh dead cat bounce right now that is being buoyed by the booster authorization.
Short-Term target at 190.
Rising Wedge Pattern which is a continuation pattern, continuing a previous bearish trend.
Hitting the upper limit of a very tightly held trend.
Declining volume, declining momentum.
$TSLA
#Bitcoin is on the way to breaking below 30,000 as it completes a symmetrical triangle. This is on the way to completing the right and final side of the right shoulder of the monthly head&shoulders.
