Moderna updateWeird spike up and down. Still bullish right now. Need to take out $113 in micro and get into the 116-117 off this low to say bottom is in. invalidates under 106
MRNA trade ideas
$MRNA Moderna Bullish Channel Trade
MRNA has been in a well defined channel for much of December
and during Tuesday session we managed to catch another bounce.
That bounce was also aided by a touch on the the Daily 50ma, which is very significant.
Today we look for continued move higher with the upper channel trendline in confluence
with Hourly Candle resistance as out targets.
Moderna MRNALooks like bottom could be in and move is decent so far. could see back around ~$110 for a c wave and then would expect to continue on. invalidates under $106
not financial advice
GAP filled! What's next? Just wait. Hi guys, long time! Everything looks good and every body knows and everything is green.
I enjoy giving signals rather than bombarding people to buy or pump up the stocks.
Moderna gap filled. Whew, finally can see this coming rather than parabolic.
Just got in today, STOP LOSS is 101.5.
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 $138.13.
Latest news:
- moderna vaccine for US troops in South Korea
- moderna vaccine for US troops in Japan
- South Korea gov will purchase from moderna enough for the use of 20mil people NASDAQ:MRNA
MRNA looking for support @ 109We could see a swing back to December Highs With pending FDA approval and a hot market we can see MRNA swing back to the upside. With almost double the average volume traded on December 27th and large institutional stakes in the company Moderna is set to explode in the next few weeks.
MODERNA approching Golden Fib at 108.67MODERNA approching Golden Fibonnaci at 108.67$, and the 0.5 logarithmic fib.
IF MRNA lose support at 108.67$, next targets will be around 95$ and 82$.
Have a great day! Merry Christmas
Moderna is Bull Flagging! Target 227$ 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!
MRNA Round DownMRNA is forming a round down formation and looks like its on its final stretch down to $115, this target may be hit before christmas. Momentum for the daily chart should carry this lower over the next day.
Call Bull spread vs Call Bear spreadA lot of traders don’t understand why when they entering a spread they don’t receive most of the money even if the stock price is going their way immediately, in this post we will see why.
A spread is a position in which we buy one option and sell another option on the same stock. All the options are Calls, with put spreads all the options are puts.
There are three types of spreads (when you buy one option and sell another, unlike ratio spread). Vertical, horizontal, and diagonal.
What you see on the charts are Vertical spreads.
Vertical – The calls have the same expiration dates but different strike prices.
From the chart: Bull spread (Left chart)->Call upper strike (sold)-> 85, Call lower strike (Bought) -> 80, the expiration date is the same on the 18 of December 2020.
Horizontal – The calls have the same striking price but different expiration dates, for example, both sold and bought calls have the same strike price of 80, but the one that is being sold ends on the 18 of December 2020, and the one that bought on the 15 on January 2021.
Diagonal – a mix of vertical and diagonal, not the same strike and not the same expiration date.
I will only show here the Vertical spreads.
In the call bull spread, the position will profit if the price will be above the upper strike price (85) at expiration, and will lose if the position will be under the lower strike price (80). The options will not be worthless so to avoid commissions the position will be closed before expiration.
We can also see from the chart that in order to close the spread early, the stock will need to do relatively big moves.
A call bull spread is a debit spread.
In the call bear spread (right chart), the position will profit if the price will be under the lower strike price (80) at expiration, and will lose if the position will be above the upper strike price (85). Under 80, all the options are worthless at expiration and all the credit will be received .
The amount by dollars, not percent that the stock needs to move to close this position early in the bear spread is lesser than the bull spread, but on the other hand, the directions are different and we should not take a position based only on this criteria.
If the implied volatility will decrease all the lines will move to the center.
If the implied volatility will increase the lines will move from the center.
In the next post, I will show the ratio spread.
Moderna breaking out on or before Wednesday?My idea of Moderna is that it will break to the upside on or before Wednesday, I will trim at $155, again at $160 and $175 This is my opinion, not a professional!
$MRNA Trade Idea for Santa Rally 12/21/20Bouncing off the 20 EMA and closing inside of previous bullish candle. If price breaks below 135 (purple box) = downside risk. Price action would drop.
However, I'll be watching to see how price reacts to vaccine rollout news pre market. Could form a "W" reversal pattern.
MRNA trade setupHave options with enough time for the trade to play out.
Thanks for reading.
**Just an opinion
Moderna (MRNA) Mid-Elliott WaveLooks like MRNA is entering the 5th wave of the Elliott wave theory. Over the next 20 days, the price of shares should rise up to $200. If you enter now (Monday), you should get about 25% after which the stock will enter into the correction wave. At the end of the Elliott wave, the stock will have a correction to about $70, which can be 60% short. Share your opinions or thoughts in the comments. I first noticed this idea from @ClearWaterTrading and @drsyariz so kudos to them for pointing that out. I also noticed that BNTX partially follows the MRNA trend, so we could expect similar results there too.
Buy stop for MRNAPennant formation with strong bullish morning star pattern filling up the mini exhaustion gap may indicate the bear is short-lived. But I'm waiting to buy stop at US$147.07
MRNA, price trend reversalThough MRNA has been generally overbought in the past few weeks, the market seems to be rejecting the low prices of the upper 130's. Fundamental speculators valuation is near 150, so we can expect a distinct bounce back in the upcoming days, and in addition to this, we expect good news regarding the FDA approving their vaccine as new public health data comes to light.
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.
