1. Over the past year moderna is down 85% and from its pandemic highs, down 90%+ so simply that alone tells you the stock is quite cheap and beaten down. It is currently trading at 2020 levels as if a world changing pandemic never happened.
2. Moderna is currently trading around its book value once again highlighting how cheap it is.
3. From a trading perspective, a bullish wedge has formed over the past 7 months which looks ready to breakout and of course, if and when it breaks out, it'll be a one sided explosion.
4. Sentiment in the entire vaccine and biotech space is extremely pessimistic, but that is how bottoms form !
Most importantly, the stock market looks like its ready to start another leg lower, meanwhile moderna and other vax stocks look ripe for a breakout so maybe a bird flu catalyst could be coming very soon !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.