Start of the new move ?I am liking the move up with MRNA today and i think we are getting started for the leg up. Initiated a small position.
MRNA trade ideas
Stocks - MRNA Short (S3) Aug 13 TargetIdea for MRNA:
- Good level for reversal. Aug 13 is the capitulation date.
- Stop is at 41 degrees.
- Gamma squeeze bubble ends with big deflation.
TP1: Gap fill 260~
PT 0.5 retrace of move:
GLHF
- DPT
$MRNA Spring is getting loadedBullish Spring load.
Decreasing volume at around 375-400 shows more gas to boost the rocket up.
Moderna sliding back to Earth. MRNAPivot on a huge impulse fractal confirmed. We are drawing more and more zigzags from now on. Our goals are shown.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Moderna Short Selling CallAfter bullish trend and a distribution phase it is expected that bearish trend would be followed.
Short selling would be advised.
Entry position mentioned in charts
MRNACountries halting, one product, rich PE, break of ascending triangle last week and failed to close above down trend today..
MRNAModerna broke weekly support making this very vulnerable towards 237-250$/share.
Will fall pretty hard in coming days - weeks iMO.
Overvalued af in the high 400's nearly cut in half but not quite yet .. currently in puts.
MRNA is Bullish Here (Drop is Overextended). Expect a Rally.Moderna (MRNA) is Bullish Here. Drop is Overextended Volatility Wise. Expect a Rally.
Moderna & the Downfall Moderna end extand fith wave and will go Bearish son to 200$ provided that it does not close above levels 444
What May Happen to Moderna and Pfizer?International pharmaceutical giant Merck & Co announced the successful end of its clinical trial of the world’s first oral COVID-19 antiviral drug molnupiravir in the simple form of a pill. The company has claimed that molnupiravir effectively decreases the risk of hospitalization and death of sick individuals who have just contracted the virus or have advanced symptoms by half.
Moreover, the company also suggested that molnupiravir could be used to prevent the contraction of the coronavirus. But what is most important at this stage is that fact that the clinical trials of molnupiravir showed high effectiveness against different COVID-19 variants, including the terrifying Delta variant. This seems to be good news for antivaxers or for anybody who is looking for an alternative prevention method from COVID-19 other than the vaccine.
Whether you agree or disagree with having the vaccine, it is worthwhile to consider this information as a means of expanding your investment portfolio with Merck stocks. Additionally, COVID-19 major vaccine producers Pfizer and Moderna stocks may suffer if the new pill is officially registered.
Let’s take a look at Pfizer and Moderna’s price charts.
Both stocks suffered a 50% correction from their peaks in August. Although, Pfizer business model is more diversified than that of Moderna’s, the technical picture shows that the upward trend for Pfizer stocks is more in danger. The reason for such fears is that over the last three consecutive trading sessions its stocks closed below the trend support line that started in February 2021. So, if Pfizer stock prices fail to recover above the $43.20-44 correction, they are likely to continue towards the $38.20-39.20 area. In this area, two important technical lines cross – one is the support line of the upward trend that started in March 2020 and the second – former resistance line that connects September 2020 and May, June 2021 highs. Pfizer and BioNTEch may have a trump of positive opinion by the Committee for Medicinal Products for Human Use (CHMP) for the administration of the Pfizer-BioNTech COVID-19 vaccine as a booster shot six months after the second dose, but this factor is already priced in.
The Moderna stock prices chart seems to be more complex as it shows that the March 2020 long-term upward trend is supported by the upward trend that started in May 2021 in the area of $319-321. Even the correction from the peak of $496.71 closely echoes the ABC correction structure, where A and C waves are equal. And if so, Moderna stocks may recover both not only to recent highs, but to new all-time highs. Such a scenario might be activated if prices hold above the downward channel from August 10. In this case new targets may open at $563-565.
Technical perspectives of Merck stocks will be reviewed in the coming comments.
A Potential LowAppears to be a quite clear ABC correction and the pitchfork has mapped it nicely, id say there is a good chance the bottom may be in here.
It puzzled me a lotWell, i was bearish on MRNA since i posted here after it made the ATH
but the Wave b took a long time and i took some losses on the puts and then i made further losses in this via long as posted here
Lesson's learnt and posting what i think will happen next on this.
mrna noob senarionoob analyst don't trade!
baset on false baundce from ma 100 and fals bounce from weekly ma
MRNA (MODERNA) - False BreakMarket structure: Uptrend, price might retest previous resistance turn support
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 361.00 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 484.30 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
MRNA10.3.21 MRNA Bobby's Homework Assignment : MRNA is likely to find buyers in this general area. We missed the buying tail... but this is not a big deal. This was a difficult video for reasons that I explain in the video. It is very important to start using the drawing tools to get familiarity and learn the process of using those tools to read the market. Use the honeymoon period to get familiar with the tools. The honeymoon period is exciting, and you expect that there will be a learning curve, but your excitement can give you motivation. You expect the tools to be unfamiliar in the beginning, but if you tackle that aspect of your trading, it won't seem so bad with 30 days of effort. On the other hand, if you don't use that period of time with enthusiasm you may never achieve your goal.
MRNA Long A nice little correction has happened with Moderna. The coming weeks we should have a strong bullish move that pushes this stock to 500 an possibly higher .
My TP is set to around that price.
MODERNA POSSIBLE DISTRIBUTION!Hello my beauties.
I think MRNA has entered a distribution range, as the ST (second test) seemed to be pretty weak, and the price is now showing weakness below the trading range. We are going to wait for further developments in price action and eventually take a trade on the final LPSY. For those of you who like trading ranges, this might be a juicy opportunity. Watch for the creation of an UT (upthrust) and an UTAD (upthrust after distribution) before you take your trade.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
MODERNA : NECK OR BREAK or SIDEWAYSMODERNA Trading in correction of either 4 hour chart pattern or Daily Timeframe....anyhow MODERNA will expected to in Correction till Dec or Jan ...
325 is strong Support if it's Break May see levels of 245
MRNA - my BUYing ZonesMy Plat to Buying MRNA again. I will wait of this price. US market not clear situation.
Pennant BreakdownPennant Breakdown. Possible fake out, but highly doubtful. I believe we are going to the 100day sma.
Expect Breakdown in MRNAI've been thinking about this one and all the hype around it and guessing it's time to retrace.
It broke it's first uptrend line today on a daily chart and the parabolic SAR turned bearish. I checked with my dowsing work and was given the "breakdown" option literally 3 xs. When that kinda stuff happens, I like to pay attention. Ex. Friday and today I kept getting the "parabolic" option and you can see how that turned out. :) I also got "breakdown" before AMZN earnings for reference.
I'm looking for a target around $330.
