MRNA trade ideas
MODERNA 240Bearish engulfing candlestick
Resistance at fib 0.382
Possible a small pull back.
Long-term target 225.00.
At a critical pointEither we will get resisted and drop down to $87 or we will breakout to form the new Up move. Wait and Watch.
ABC BullishPossible long entry 119.05/Long entry when price break BC leg in an uptrend so subjective..
Possible stop under C..A can not be below C..Target is D..
Possible T1: 172.5 191
Possible T2/Long term: 246 to 285\\
Be safe
Not a recommendation
$MRNA - energy gained to $140 - $150 - $160Classic case of fib level retracements
Target 1: $140
Target 2: $150
Target 3: $160
There are resistance levels to break between the targets.
RSI and MACD suggest there's energy to break towards target #3 prior to earnings.
Considering PEG, future outlook, product pipeline, news storyline and environment - MRNA has a good potential for 2021.
Earnings call will be critical milestone.
FINAL RIDE MODERNA UPDATEi've been following moderna since the major 3rd ew.
Since then, im more confident that moderna is undergoing for the final ride now : Major 5th EW
but we humans tend to make mistakes. lets just hope that this is correct & get proft from it
For this Major 5th EW, there will be minor EW within it (EW within EW) :
-as for now it's going to complete the 3rd EW
-i hope that the 3rd ew to complete around 164.30, but need to be careful once reach around
144.14
MRNA Round UpMRNA has just crossed over its moving averages in a nice looking rounding bottom formation. All the moving averages are converging in a bullish sentiment. I am looking for this to go back to the top of the range at 140 area.
MRNA setting up with bounce off rising 50-day and Fib zone$MRNA is setting up after a pullback within a bigger uptrend. Stock fell back to the rising 50-day after retracing 1/2 to 2/3 of the Sept-Dec surge. RSI also fell back to the 40 area, which acts as momentum support in an uptrend. Recent bounce broke out of the falling flag/channel.
MODERNA STOCK - WAVE 5 --- 15 minsthe 15 mins time frame for MRNA . short term target 131 for subwave 3, and 138 for subwave 5.
MODERNA STOCK - WAVE 5MODERNA has completed wave 4. Now going up in wave 5. Target for wave 5 is above 178. The 61.8% level is at $206.15.
ABC BullishStop under C
Valid at long entry level..which is a break of the BC leg and an uptrend, and above R
C can not be below A
Not a recommendation
MRNA: Jumping on 50MAMRNA, jumping on 50MA
Curruntly sitting on 50MA.
Could be prepping for the next leg up.
Pros:
COVID19 vaccine
PPS above 50MA and 200MA
R/R ratio above 5
200MA ascending
RS above 0, but flat
250RSI above 50
Support at 112$
Cons:
Some support at 101$. If broken, could see 80$.
If confirmed:
PT = 171$
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.
