1/26 WATCHLISTif there is any indication that we are definitely in the final leg of a bull market, today was it. Everything was pumping euphorically at open across the board until the market showed us what a mid-euphoric pullback could look like, with the rug being pulled right from under us. A lot of names like TSLA did bounce back after, but it reminds us that its SUPER IMPORTANT to stay cautious in this environment. I am still bullish in the short term.
1/26 WATCHLIST
My trading style is intraday option trading - these are not swing levels.
MRNA calls over 147.5
BYND calls over 164.15
BYND played out perfectly from the watchlist I posted yesterday. It has a bit more room to go to the next supply at 168.25 and then 171 - let's see if it can keep the momentum up tomorrow
AI calls over 151/152
massive move today. 152 was a support level in December that has turned into resistance that AI has been trying to beat for a month.
TSLA calls over 887 or 900
MSFT calls over 230.2 or 233
Would like to see more tight consolidation underneath these levels but something to keep an eye on for the near future.
BTBT calls over 19
MRNA
MRNA IS it finding its place?Looking back to July, the falling wedge bullish pattern was confirmed where we see a rebound near the previous July and May low, keep in mind: Support 0 level IDENTIFIED (as in lowest rectangle area)
When MRNA Breaks previous MAY&JULY high in December/Novemeber, strong volume indicates buyers are in control,
Keep in mind: Support 1 level IDENTIFIED
Buyers took control but not for long; was this impulsive move?
Sellers IS in UPPERHAND right now, switfly defeated most fib retracement level, the break downward seems inevitable,
BUT, let's see if MRNA will be able to hold 0.382, if not I will see it at 0.236
On the indicators: MACD shows no sign of reversal so far, RSI entering weakness zone
Fundamentally, MRNA has potential, but it will be a tumulutous ride, hold my beer if you are IN!
Moderna (MRNA) Bounce ComingApproaching 200 MA
Gap filled
Oversold
Revenue will sky rocket with all of the vaccine orders
MACD is improving
Yes its pharma, yes it looks like a dumpster fire and we cant trust them BUT I can't help it. I see a bounce form $95-105 range to $135-155 range if not back to ATH after all the vaccine orders materialize in actual revenues. We might still dip more but keep a close eye on it. We dont even have to worry about technicals, Fauci and the boys will pump this up.
MRNA Moderna Hello receive a cordial greeting, and a thriving 2021 our wishes are that 2021 will be a fantastic year in all aspects for all people.
We believe that this action has a great bullish journey based on Technical and Fundamental Analysis
In the short term adjust your stops as it remains in a bearish structure, butv for the medium term has good bullish goals.
Greetings and best wishes for 2021 L.E.D
In Spain as of 12/31/2020
MRNA - potential reversalNASDAQ:MRNA has been trading outside lower Bollinger Band, currently priced at $111.40. It has also declined from recent peak of $178.50 at almost 38% decline rate.
Stoch has been in oversold mode few last trading days, and it's just a matter of time before the cross up and we might be seeing a direction change. Expect confirmation at $120.26 and next target is $138.13.
Latest news:
- moderna vaccine for US troops in South Korea
- moderna vaccine for US troops in Japan
- South Korea gov will purchase from moderna enough for the use of 20mil people NASDAQ:MRNA
Moderna is Bull Flagging! Target 227$ Moderna is currently on a bull flag.
Last retracement is very positive. The breeder finally came and there is still some place to lower around 110$ where the bottom of the gap up is ! I would not be surprised is MRNA go there but usualy if the bull trend continue the daily MA 21 will offer support and this is currently what we are seeing. Daily MA 21 is at 125.78$. Price came back over the daily Vwap today.. this can push the price quicky around the fishing trap zone around 154.13, but 146.46$ should offer a good resistance. MRNA is in a great posture for a continuation right now...
Here are some key points to watch :
-Currently on a potential Bull Flag with a target over 200$
-Bullish divergence on the 4 hour chart on MACD, Momentum, CCI, OBV, STOCH and MFI.
-Support seem to be strong on the daily MA 21
-Price now over VWAP which is now support at 126.69
-Stoch RSI is crossing on the upside on the 4 hours
-Weekly MA 7 and MA 9 offer support at 127.72$ and 114.89$
-4 hours MA 21 offer support at 126.69
-RSI is turning on the upside
-Daily MACD is still in bullish territory
-Bottom of 4hr Donchian channel reached at 115$
-Bottom of 4hrs and 1day chart Bollinger Band reached
-Bottom of Donchian Channel is at 98.65$ (can the price go there) Maybe but!
-Median line of the weekly Bollinger Band is at 89.23$ (can the price go there) Maybe but!
Merry Christmas ! Much love!
SRNE - Beginning of the big move.Currently shorts are controlling the stock. Seems that it found it's support and we might see a short squeeze in the upcoming 1-3 weeks.
12/23 PRE-MARKET WATCHLIST** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS **
Futures and pre-market showed a little bit a strength as we're opening a bit higher, but we're still underneath the major support (now resistance) red trendline. Volume will be low today due to shortened trading day and holidays, but let's see if we can at least close above the red trendline today.
Again, careful trading today due to decreased volume!!
WATCHLIST 12/23
Recall that my trading style is short scalps and intraday options.
ZM calls over 409.65
BABA puts under 252.4
BLNK calls over 49
PENN calls over 96.65
PYPL calls over 246.1
SQ calls over 247.1
MRNA puts under 117.5
NVDA calls over 531.8
WKHS calls over 23.75
TWLO calls over 374.7
NFLX calls over 527.6
Happy holidays all!
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.
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.