MRNA trade ideas
MRNA going back to $120, entered downard channel trend!MRNA seems to have entered another downward channel trend.
Using the previous resistance on the last downward channel trend we can see it can act as a sort of support, the trend also made two other downward resistances as you can see on the chart.
This makes me to believe that this could go back down to $120 where it can make a double bottom which can be a great buying opportunity, but for now, I'm bearish.
MRNA formed a double bottomModerna seems to have made a double bottom, this could indicate some bullishness coming in and if it passes the previous resistance of around $135.50 then the next resistance comes at $145 so there is quite a way to go back up!
MRNA going back down to $120?As mentioned in my last analysis, Monday will be the deal-breaker for MRNA again, and it failed to hold that resistance.
Using historic data this will most likely drop down to $120 again before going back up to the $130s so this can be a great swing trade.
BUT! Watch out for support at $126, using the previous downward channel trend resistance this can act as support so watch out for that.
Reasons for bearishness:
-Historic data of the resistance and dip (influenced the most)
-EMA's crossing right now
-RSI was oversold
It's a clear bearish sign that probably won't last for long so look for a nice swing trade here.
(I am not a financial advisor)
HERCULES portfolio: weekly course valuationHERCULES’ mid-term trend chart is presented.
Also the mid-term trend charts of the stocks that make up the portfolio are presented. ___
Comments on the chart:
* This week the portfolio's price closed +1.2% higher.
* The price met the resistance of the 30d SMA and retreated but now stands over
the 9d SMA.
* The "head and shoulders" pattern scenario seems to weaken and now the most probable
is the rising scenario.
* It's very likely that the very next days the portfolio's price may cross upwards the
30d SMA and reach the resistance of the 50d SMA.
* Notice that the MACD indicator gives a buy signal.
* We are entering into a state of Green Alert that is, we are getting ready to buy back
the stocks that will cross upwards their 30d SMA and will stay over for 2 or 3 days,
applying strictly all the rules of the post "You can't beat the market".
* The overall market sentiment seems to be changing to positive and we need to adapt
quickly. An assessment of the picture of all the key market indexes, can be found in my
post entitled "The indexes seem to be recovering from the fall".
* This HERCULES' portfolio analysis and all the previous ones, apply to all the portfolios
with popular Nasdaq stocks and the new traders should follow these analyses, because
they are an application of the method described in my post "You can't beat the market",
until they don't need these analyses anymore because they'll do their own.
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* The most beneficial is virtue because it benefits everything else
* The most harmful is evil because its presence destroys most things
THALES OF MILETUS
(Greek philoshopher)
Thales (624-547 BC ) is the oldest prosocratic philosopher,
the first of the seven sages of antiquity
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Next follows my post "The indexes seem to be recovering from the fall"
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
MRNA jumps after hitting support, whats next?For this analysis, I am going to be using the same downward trend channel that I made on March 25th and it went exactly as expected. This recent spike might be coming to an end though due to being overbought on the RSI and close to hitting the resistance on the trend channel.
Although if it breaks through that resistance it can become support, keep an eye on MRNA. If it doesn't break through then it could go back to the $120s level.
break down... MRNA got the wrong shot or what XDNothing is a long shot even millions were using it. They reported they didn't make the money, oh.
Wait for the green couple of days to get out if you are trapped by bull trap.
MRNA broke through support (Next target $110?)I published multiple bearish analyses on MRNA since 145$, right now it broke through the support at $120 and if it doesnt recover today then it's most likely going to go to $110-$100.
Although if that doesn't hold it can go down to $75.
HERCULES portfolio: weekly course valuationHERCULES’ mid-term trend chart is presented.
Also the mid-term trend charts of the stocks that make up the portfolio are presented. ___
Comments on the chart:
* This week the portfolio's price closed -3.6% lower.
* The price is still under the 9d SMA and the latter has a declining slope again.
* The 30d SMA has decisively crossed downwards the 50d SMA and approaches
the portfolio's price.
* A "head and shoulders" pattern (with an atrophic right shoulder) seems to be forming
but it could be transformed to another formation.
* Great attention should be paid to INO because a probable breaking of the support line
to 8.80 can cause greater and sharp decline in price.
* A current assessment of the picture of all the key market indexes, following Friday's
strong upward close, can be found in the update section of my idea entitled
"Is the market preparing for a significant fall?".
* In general, we still remain very cautious and closely monitor the market in the coming
days.
* This HERCULES' portfolio analysis and all the previous ones, apply to all the portfolios
with popular Nasdaq stocks and the new traders should follow these analyses, because
they are an application of the method described in my post "You can't beat the market",
until they don't need these analyses anymore because they'll do their own.
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Faithful the land, unfaithful the sea, greedy the profit
THALES OF MILETUS
(Greek philoshopher)
Thales (624-547 BC ) is the oldest prosocratic philosopher,
the first of the seven sages of antiquity
-------------------------------------------------------------------------------------------------------------------
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
Follow up on $MRNALooking good so far.
More confluence with Harmonic Bat complete.
Appears to be early stage of wave 3 up.
There is a bear gap on the 1hr as noted. 3-4 targets are artists conception.
MRNA Moderna vs PFE Pfizer | Head and Shoulders patternIf you haven`t longed Moderna with me from here:
Then you should realize that the head an shoulders pattern on descending volume of a company that worth 53.402B, but has 747Mil negative earnings for 2020, may lead to $100 per share.
On the other hand, undervalued, it`s Pfizer , which has the same amazing results with the vaccine, lots of medicine in the portfolio, a market cap almost 4 times higher, 198.973B and positive earnings of 9.62Bil. The pay also great dividends, btw, 4.38% DIV YIELD on a decent 20.82 P/E ratio .
If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
MNDR - Downtrend channelModerna is clearly in a downtrend channel and I wouldn't be surprised if it hits $120. I have long positions opened at $139 so I will sell those tomorrow and buy back lower.
Elliot Wave - MRNABased off a very basic understanding of Elliot wave principals. I think we will see new highs on MRNA soon. Again very rudimentary undrstanding so lets see what happens. Expecting $200+ price target. I think $140s is a good buy target as long as it is above the fib support lines, since they seem to hold water here.
MRNA on resistance lineMRNA seems to be on a resistance ($156.65), if it passes it then the next resistance is $158. If it doesnt pass it then it will most likely enter low 140s again.
MRNA Upside PotentialModerna has been forming a hidden bullish divergence for the past 5 months (clearly seen on the daily chart, will also post a screenshot in the comments). On the macro-level, we can see a pennant forming with strongly confirmed resistance and support. On the micro-level, we have a clear cup and handle, and currently the price seats at the support of the handle, in 3h demand, and also at a strong key level 135-136, that MRNA always reacted to in the past.
If Moderna confirms the cup and handle by breaking the resistance, would love to add to my long position. However, if it can not hold 135-136, will look to exit and reenter at the macro support ~129.
*The idea above is my own opinion and does not serve as any kind of investment advice. Please do your own due diligence.*
MRNA - IN WAVE B CORRECTION PHASE - OVERALL BEARISHMRNA, is currently undergoing correction phase. To be specific, the prices are forming counterwaves ABC of smaller degree (red labelling of ABC) as part of higher degree of Wave B (black labelling) formation.
It is predicted the higher degree of Wave B will end at around USD163 before making bigger downtrend movement of Wave C. The target for Wave C is to hit minimal of around USD79 (61.8% FIBO correction), or to the worst of around USD49.6 (78.6% FIBO correction).
A stock of potential shorting opportunities on rebound.
Happy trading.
