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MODERNA INC DRNMODERNA INC DRNMODERNA INC DRN

MODERNA INC DRN

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M1RN34 trade ideas

Downward channel breached. Consolidation before uptrend.NASDAQ:MRNA The price has tested the 112.60 - 113 support level after consolidating at the 0.618 fibonacci level. As the price moves further and further away from the downward channel and as price takes support on the 50 day EMA on the daily and hourly chart, I think it can continue it's up-move as more bulls gain confidence. In hindsight I think I've identified a head and shoulders pattern at the top, right after the high, the head peaking at about 170. After the neckline was breached, the downward channel began forming, as investors pulled their funds because the sales and performance of vaccine was a risk factor and better cash out when the hype was at its peak, and this drop was further accelerated by fears of new virus strains and end-of-year selling for tax purposes and to take profits. Now the stock price has likely bottomed out, since the next lower level of around 95 was not reached and price is stabilizing. Moderna will have to prove it can uphold its promises and successfully bring some of its pipeline into production, for the price to reach the highs again and beyond. The billions of cash flow is a great start. Let me know if you agree or disagree with my analysis.
NASDAQ:MRNALong
by Patrick3040
MODERNA. bouncing OFF the FIB 618 support lineMODERNA. bouncing OFF the FIB 618 support line - almost a month of decline pulling back down, to a level now of fibonacci retracement at the 618 level ---- as support for the moment. Possible redirection seen. Alwasy good when the DOW is up significantly...for all stocks on a green day. RSI --- very low below 20. which adds to the support...for room to move up for now....at least. ___________________________________ Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
NASDAQ:MRNA
by eziolisi_Investments
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