MRNA trade ideas
MRNA Round up, CUP and HANDLEMRNA is forming a rounding formation. It is now forming the handle of the upward trend after forming the cup. The handle of this formation has pulled back to the 61.8 fibinocci level and now looking to remount to complete the formation where 177 will be resistance.
MRNA Retrace likelyTriple top formed
equal range bars on daily
bearish divergence on h4
M/W still look really bullish n
Target 151
$MRNA Moderna Was Such A Easy Long Today.
Having your chart prepared with defined levels off support can be very rewarding, today was one of those perfect trades in MRNA.
We caught the reversal bottom off support and called the top perfectly at a level of strong resistance.
We managed to get a lovely 10% return as a result of having alert set at support, our next alert is set at $165.35 for another potential long .
Triple Top in MODERNAThose who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Road Map for next week earning call!
If you have the stock better have a tight stop loss or exit plan!
watch the stock closely for the short opportunity, since the market did not respond well to earning reports in the last 2 weeks!
Evaluate the possible scenarios:
1- What Is a Triple Top?
A triple top is formed by three peaks moving into the same area, with pullbacks in between.
A triple top is considered complete, indicating a further price slide, once the price moves below pattern support.
A trader exits longs or enters shorts when the triple top completes.
If trading the pattern, a stop loss can be placed above resistance (peaks).
The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point.
www.investopedia.com
2-What Are Three Inside Up/Down?
Three inside up and three inside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and a move in the other direction might be starting.
www.investopedia.com
3-Trading value!
When prices reach new highs (or no lows) on decreasing volume , watch out; a reversal might be taking shape.
The constant decrease in trading value from 9.5 billion to 1.5 billion in the last 4 months.
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4- Bearish harmonic pattern
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MODERNA TIME 4 A CORRECTION!Awesome Bearish Divergence for the Bearahs ;-D and to top it off... This rally couldn't end better with a Double Top Trapping a lot of Bullahs.
The HERCULES portfolio
Disclaimer
The author of this idea 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: I wish I could cheer her up!There is literally a sad pattern on this chart, how cool is that?! lol Check out the double top (eyes) and a mean MACD, which every time it turns red MRNA takes a deep dive.
The earning call is coming up too, and I have a feeling that people are not going to like it and would probably get sad too. Moderna's vaccine is going okay but I've heard mixed stories about their CEO and their companies fundamentals.
About this sad face, the square in the middle is a resistance area so it's not just a nose! And the lips show where this "M" is probably going to end up settling down.
Honestly, I was going to wait for confirmation but this chart just looks way too interesting, so I thought I'd just post it for fun. I'll probably get a few puts too just to see how things are going to turn out!
Will we finally see 200+?My analysis for MRNA
On May 3rd or 4th, breakout is expected
- Flag marked with thick purple lines.
- Triangle marked with upper thick purple line and lower green line
- Diamond (marked in green dotted lines) should drive stock into the zone marked with small purple box.
- Breakout may happen at the top right corner of the purple box. It may also break out hours (maybe a day) after, and if it does, it may move according to the green arrows.
- Stock should reach top of grey box before May 10th, further analysis to be done after hitting the top.
I'm not a financial advisor. Follow my advice at your own risk.
Time to take profitToday I take profit on my position in MRNA.
I believe in the company long term, but short term uncertainties could provide a nice entry on a lower level.
1) It's close to the All time high set in February which could provide some resistance.
2) Earnings will be announced on the 5th of May and it's very uncertain what that will bring.
MRNA ScalpWatching it above 171 (5 min candle closing above this level) for a test of yesterday's high
Price analysis of MRNAMRNA is at the previous resistance level. In the past this level has provided strong price rejection. If the price gets rejected at this level,it can continue going back to the triangle boundary and then reverse back up.
ModernaChart pattern: Bull flag
Entry: 160$ (this would end the downtrend)
Stop: 113$
Target: 300$-400$
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2:1
Description: The price has formed a coherent Elliott-wave-pattern. It also regained the trendline which was valid in the past. Target is the 1:1-1:1.6 Fibonacci-extension
MRNA & end of the bulls?MRNA has had a few wild weeks going up from $120 to $170.
I believe this could be the end of the bullishness and it may do a correction.
Why do I believe this could happen?
MRNA hit historic resistance of $170, after hitting that mark it began dropping. This resistance seems like it can hold.
RSI is bounced off the 70 mark on the daily chart.
RSI is overbought on the 4HR chart
EMA's are beginning to cross over on the hour charts.
This could be a tiny correction and just bounce off $160 before continuing its path to $200 so I would keep a close eye on the stock.
What I am looking for right now is:
1st support - $160
2nd support - $139_$145
3rd support - $120
At this point MRNA going back down to $100 or even lower seems incredibly unlikely.
Moderna's earnings arent too far away so that could act as a catalyzer that will continue the growth.
In short I believe that MRNA could have hit the resistance and it will either go down to the listed supports or if it stays in these levels then it will most likely stay like this till earnings come which will tell what direction it is going to go from here.
Please comment down your ideas and thoughts on this, I would appreciate any criticism you may have on the charts and analysis, and looking forward to your comments!
I am not a financial advisor, these are my personal ideas an thoughts please do your own research before buying a stock.
