1. Moderna is extremely oversold and we’re starting to see a very reliable bottoming pattern; i.e. bullish divergence on the RSI. This exact setup was seen few months back (see chart) and that’s how I called the bottom back then. 2. Given all the news about bird flu, not only does it put a floor underneath this stock but makes it quite likely a major rally initiates VERY SOON. 3. I think MRNA is in a major ABC wave. The strong move down past 3-4 months was wave B and a wave C could start soon.
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