Moderna Inc - Wow, Wow, What a Run...Massive run into it's S&P 500 inclusion.
Imagine if you bought and held on...
Original Long Idea (and updates) Attached.
0QF trade ideas
Sunday Prep 7/18 - $MRNA SHORTThis is my main focus heading into Monday. It’s getting to be A+ up here. You can see it did a very similar move back in late November of last year. But if this is a repeat of that, then we would need a gap up Monday morning and that would have to hold up and gap 1 last time on Tuesday. Definitely no guarantees that is what is setting up. But I am definitely praying for the gap up tomorrow on this. If we get that, then I will be stalking for lower highs to set in and present some levels to have defined risk against. Remember, if/when this plays out, the downside is NOT just a few points. We are looking for 10,15, even 20pts of downside. If we don’t get the gap up, I will still be interested, but it won’t really be A+ at that point. We NEED this to stay extreme in order to have that big edge.
MRNAModerna Inc (NASDAQ:MRNA) Broke out to new highs last week. The stock is very overbought so pullbacks are buyable. Looks good for higher prices.
Over-Extended Stock looking for corrections in the futureI will be challenging this stock's bluff over the next couple of weeks.
MRNA: The resistance level is broken.The resistance level has been broken through with a possible rise to the area of 276.
MRNA target 300Moderna has proven technological advantages of mRNA technology over conventional methods for treatment and vaccination.
with high volume of in pipeline products lead by moderna vaccine for covid19, the valuation of company is bound to grow with Healthcare being the theme for investment.
ModernaStrategy/Chart pattern: Bull flag
Entry: 232.9$
Stop: 231.45$
Target: 237.11$
Risk/Reward-Ratio: > 3:1
breakout, backtesttextbook base breakout and backtest, wiĺl be looking to add more options if we dont take off immediately
Moderna NASDAQ: MRNAI only ever got a few entries onto this position early on and have taken profit along the way mainly due to freaking me out with the volatility when we started spiking to 200 dollars back at the end of 2020.
I chose to play some of the bio tech and pharma plays during early covid as a defensive play but also some high risk as the controversy around the vaccines could have significantly back fire on me but I took the punt anyway.
As I mentioned I havent taken any new entries since jan 2021 and just riding what i have left now, but its one of those stocks that just keeps running for me with regret of not going in heavier or not taking profit early with partial position lol but thats the game isnt it, hindsight's a bitch.
Not doing any fancy TA on this, simply just following the channels up and looking for reaction on the outer limit of the pitchfork (set to 1.618) any major break down of the mean and I may look for a top up but I feel its gone far enough and actually looking to de-risk soon and reduce position further.
Probably going to bite me in ass here
Moderna - Ran Nicely, Sold Too EarlyNice move for MRNA....Maybe (sometimes) my approach is a bit too conservative. Sometime you just have to let stocks run. Now looks like upside momentum is slowing.
MRNA shortModerna short showing up on the daily. Probably going to wait until it hits the upper channel again.
