MRNA trade ideas
MRNA ComppanyThis company is one of the manufacturers of Corona vaccine.
Technically, it is ready to climb after breaking an important surface and correcting it.
$MRNA Moderna Inc $126 short term target
Descending Channel breakout today on higher volume, gains held as the market dropped
- 50MA providing support.
- RSI , Momentum & Stochastic in reversal
- short term targets as per resistance levels.
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.
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UPDATE I made mistake for my previous analysis, i didnt see the big pictures. EW is a double edge sword technique
But i still maintain, moderna is going for final ride : 5th EW
MRNA is it the end? or getting ready for the next season..#simple #fun #patient #enough #luck
Like a drama series, MRNA is getting ready for the next season...
ABC BullishSeems like vaccine stocks would have run their course to me, but what do I know?
I guess there are still folks bullish on these like BNTX etc due to deep pull backs.
Anyway stop under C and target is D
Possible T2 176.5 195.5
Not a recommendation
Moderna - get cut again or wait til 130?setup in the micro looks decent enough for me to start a partial. want it to stay above ~100 now and have a longterm target of 200 to 250 for this move
not financial advice
MRNA IS it finding its place?Looking back to July, the falling wedge bullish pattern was confirmed where we see a rebound near the previous July and May low, keep in mind: Support 0 level IDENTIFIED (as in lowest rectangle area)
When MRNA Breaks previous MAY&JULY high in December/Novemeber, strong volume indicates buyers are in control,
Keep in mind: Support 1 level IDENTIFIED
Buyers took control but not for long; was this impulsive move?
Sellers IS in UPPERHAND right now, switfly defeated most fib retracement level, the break downward seems inevitable,
BUT, let's see if MRNA will be able to hold 0.382, if not I will see it at 0.236
On the indicators: MACD shows no sign of reversal so far, RSI entering weakness zone
Fundamentally, MRNA has potential, but it will be a tumulutous ride, hold my beer if you are IN!
MRNA long trade with a PPH hedgeI like MRNA long here and I feel it has closed a significant gap to the downside. The move today was quite bullish in terms of a reversal setting up and the Fib analysis shows that a potential retest of 135 zone may occur soon enough. This is in addition to some of the positive news that have been flowing on MRNA vs PFE vaccine usage as some states preferring MRNA due to low requirements on cold storage etc.
Nevertheless, I am not a fan of news driven trades and so I would like to pair this with a put hedge on PPH (figure below; courtesy @the_chart_life on Twitter). It is an interesting pair trade though PPH may not give me enough bang for the buck in case the market does turn and drag everything down with it. We shall see..
Moderna testing 70$ Moderna has benefit a lot from COVID time and coming with Vaccine is huge win lining the way for more products with mRNA tech , breaking 70$ it may go back up with good news on test results that, so far no major side effect found i hope they make success , this will justify easy 130$
MRNA - Moderna nearing a turning point [Elliott Wave Analysis]Early signs of triangular or sideways correction coming to an end appear on MRNA as it shows intraday strength.
MRNA - Approaching 100EMA Daily , will it bounce ?MRNA - In daily approaching 100EMA & hourly formed falling wedge, watch for break out
130c for Feb 2021 looking good, but will enter only after break out of falling wedge
Moderna (MRNA) Bounce ComingApproaching 200 MA
Gap filled
Oversold
Revenue will sky rocket with all of the vaccine orders
MACD is improving
Yes its pharma, yes it looks like a dumpster fire and we cant trust them BUT I can't help it. I see a bounce form $95-105 range to $135-155 range if not back to ATH after all the vaccine orders materialize in actual revenues. We might still dip more but keep a close eye on it. We dont even have to worry about technicals, Fauci and the boys will pump this up.
MRNA Moderna Hello receive a cordial greeting, and a thriving 2021 our wishes are that 2021 will be a fantastic year in all aspects for all people.
We believe that this action has a great bullish journey based on Technical and Fundamental Analysis
In the short term adjust your stops as it remains in a bearish structure, butv for the medium term has good bullish goals.
Greetings and best wishes for 2021 L.E.D
In Spain as of 12/31/2020
Moderna Elliot Count and Trading StrategyThis is how i think it should pan out based on the wait for Q1 earnings. good to wait for it to complete it correction and buy close to 200 MA.
MRNA on watchMRNA has an interesting setup here, and it should be one to watch in the coming days. Vaccine news made this stock extremely volatile and it is now back at its old trendline from November. This is going to be marked as neutral for now and will be revisited in the new year.
