MRNA (cont.) 4hrNice head and shoulders pattern forming so expect up and down movement these next couple weeks or so. I will say to just play it day by day and the swing longterm puts when the shoulder is complete.
MRNA trade ideas
MRNA Daily TA Bullish expanding Triangle on the weekly and daily timeframe. LONGTERM PLAY. Will post a 4hr time frame chart to show levels.
Moderna about to explode?Price has been testing the mayor resistance for a year, and trading for a month just there below it ready to test it out again. I think this time is going to break it. I have a small position and a wide stop loss. If the price breaks through and closes the week above the resistance, ~204 level, I'll add.
Modera $180 Covid in China on the Risemaybe this will rise as well when enough media covers the issue
it seems a cycle since the outbreak
MRNA gaps up & down on newsModerna (MRNA) gaps up & down so much on news. As you can see from the ATR (average true range), + or - $20 moves are routine and + or - $40-$60 moves are not abnormal, from one day to the next. On the rare occasion MRNA is trading sideways for the day, I see that as an opportunity to enter a delta neutral position 1 ATR strike apart from the current price. For example, if MRNA is trading at $250, then a 1 ATR delta neutral position is a $230 put and a $270 call 12/17 expiry, otherwise known as an otm strangle. There are website based options profit / loss calculators that will do the black scholes calculations of IV, delta, theta, gamma and vega.
price levels on the 1d chart:
FibEMA233 = $248.09
FibEMA144 = $309.11
FibEMA89 = $348.33
FibEMA55 = $309.11
Trend channel
breakout = $370.13
R3 = $351.24
R2 = $330.90
R1 = $309.11
pivot = $290.22
S1 = $269.88
S2 = $249.54
S3 = $229.20
breakdown = $207.40
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
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Newsworthy current events
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$MRNA Target $170.40I've had some awesome readings on MRNA, so gonna document this one. I do dowsing and today (12/23) is a date for it, so usually when this occurs it's a reversal indication. So far, it's dropping well right out the gate and down 5%.
The suggestion is it drops to $170.40. That would also fill the gap below on the daily chart. We'll see!
I should note my upside target of $213 (from in Nov.) was hit, so makes sense it has some kind of drop.
$MRNA - Moderna: Megaphone TopOn weekly we can see that the price has formed a long-term Head&Shoulder, where its right shoulder is a Megaphone Top.
Price is hugging & kissing its upper trendline, which is also an area of a perfect entry to go SHORT, as there is a very small risk compare to a very big reward.
I will be looking and patiently waiting for a Key Reversal from upper trendline to go SHORT.
MRNA Overbought Condition with Daily Bearish Wolfe wave SetupThere is a daily wolfe wave setup that triggered on December 15. Today at the open, MRNA opened inside day and traded +4% within 30 mins of the trading day. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line; however, the linear lines do not converge. The projected target is approx 167 which is represented as the red perforated line. The target price coincides with the 50 day ma as shown in the chart. Using the customizable gap finder indicator there is a larget gap left open from the Dec 12 kicker. It is likely to fill the gap within 2 weeks time.
A Shot in the Arm for Moderna?Back at it again here folks,
Seems like MRNA is forming a nice flag pole pattern.
Today's price action hit the previous high of around 204 and then retreated slightly (as expected). It is also good to see that these sharp price increases were influenced by higher volume. I believe this will hold and continue to make higher highs, but we will see.
I have a conservative price target of about 225 with room to go higher. This is on a lower timeframe (2 hours) versus daily or weekly which could give some hesitancy since it is better and more reliable to see these patterns play out on a higher timeframe (to minimize fake outs).
Again, I know that I know nothing. This could take longer to play out or go against me, given that this pattern is playing out on a lower timeframe. But, I got in on this earlier today and am still holding because I like what I am seeing and had a strong day despite the choppy trading day today (QQQ for example).
$MRNA Continuation or Breakdown?Not much to say here... One could look at the current formation as either a bull flag or pennant. Both have better than 60% success rates on break out, if they do break out... Ideas, not investing / trading advice.
MRNA being a good market sell?Moderna - 30d expiry - We look to Sell at 186.88 (stop at 198.38)
Price action continued to range between key support & resistance (120 - 190) and we expect this to continue.
Daily signals are mildly bearish.
Posted a Double Top formation.
An Evening Doji Star formation has been posted at the high.
We look for a temporary move higher.
Offers ample risk/reward to sell at the market.
Our profit targets will be 158.11 and 150.11
Resistance: 190.00 / 197.44 / 210.00
Support: 180.00 / 170.00 / 160.00
Daily chart
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MRNA IDEA HELLO GUYS THIS MY IDEA 💡ABOUT MRNA is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
MRNA - Long OpportunityTechnical Analysis:
- Cup and handle pattern signals bullish strength
- Price breaks above 200 MA, we can use 200 MA as our stop loss
- Price stayed resilient despite the SPY ending deep in the red on 15 Dec 2022
Catalyst:
- Cancer mRNA vaccine completed pivotal trial (www.bbc.com). For pharmaceutical stocks, successful trials and FDA approvals act as very strong catalyst that can boost the stock significantly. Conversely, trial failures can crash the stock. The market for mRNA vaccine is expected to grow 130% by 2028 from 2021.
Entry: 208.72
Stop Loss; 156.6
Take Profit Target: 291 (If this goes well, I will take profit on 1/2 position and let the other 1/2 run)
Ready for some tea with MRNA?Soon we should be seeing that yummy tea that $MRNA has within its cup and handle formation. MOON IT.
First stop = 200
$MRNA Price Action and Technical Analysis"When it is a question of money, everybody is of the same religion." Voltaire
I think that what Voltaire is trying to tell us with this quote is that money has, throughout history, been a wonderful meaning of bringing different people together. Money has given the world a common and easy to grasp language to understand.
Muslims, Christians, Buddhists, Atheists and so on ... are all well versed into "money" language, and whereas religion, heritage, cultures raises obstacles between them, trade keeps on building bridges and bringing them together.
What does money mean to you?
For me, it means freedom and optionality. For me it is a key to open the doors of a life where I can benefit to the maximum extent of the possibility to do what I want, when I want, where I want, with whom I want.
... and today I brought you Moderna. 10 Charts walking hand in hand with some technical analysis comments with a bullish and bearish scenario at the bottom ... always wog, it goes without saying. These are meant to be just hunches for you to form and/or challenge your own ideas and risks you assume on your own.
Enjoy and indulge!
Link in bio for full post.
MRNA ShortHead and Shoulders failed to play out, short covering into resistance, market is shittin the bed from termal rate increase on FOMC. Mean reversion in bound from the volume profile and retail chasing the 23+% pump. Short back the neckline for confirmation before further down spiral.
A cup of tea broken $MRNA bullish pattern on the micro
micro
we can see RSI Divergence (short term) & cup of tea pattern broke with a 20% + momentum (Day)
macro
$MRNA challenge 2022 downtrend line will it cross it on high volume note cloud be a potential strong long call
if $MRNA shows weakness the following week take it to a short trade
MRNA & BNTX are free callsDoji (W) on both stocks
Fundamentals are terrific:
Forward cash and equivalents make those stocks nearly free ( pipeline, production capacity, distribution networks priced at 0) :
- most contracts for 22 are already signed and/or partly cashed in (US still negotiating for MRNA),
- contracts signing for 23 has started as well as governments have to be ready ( access to the doses) in case of new Covid waves
- MRNA is developing a new concept (2 MOU signed) that i d call PAAS for biotech ( government would be entering into a 10 years agreement in exchange for benefiting of their own capacity and modularity of vaccines development and production). The point being like for SAAS and PAAS in IT pricing model would be recurring.
So fantastic defensive stocks in the current environment ( favoring cash, dividend and real assets ) and then we might get lucky as well !
RectangleA very wide rectangle.
A Rectangle is a horizontal trading channel that binds price action inside of it until price breaks up or down from the channel.
This can be a very long term pattern in some cases.
Some may swing trade inside of a Rectangle this big.
The top line is resistance and the bottom is support.
Targets for a break to the upside in green above the structure and possible targets for a break down are in orange below the structure with target 1 being in larger type than T2.
I have traded MRNA off and on but have never been a long term investor.
I guess I do not feel the panic surrounding the pandemic and will last forever, because it seems not much does last forever.
No recommendation.
Former parabolic arc that is best seen on weekly. Most arcs fall at least 50% with the average being between 62 and 79%.
This rectangle formed between the .618 and the .786 of the very long trend up.
Strange (o:
QuickTrade n. 199 : MRNAIn case of break..
Long, looking for a positive test of the 21h on the 50h
Short, looking for a bearish cross of the 21h on the 50h with test of previous lows
MRNA update - short positionThe stock price is assumed to reach $136
My trade levels
Entry: $175.51
Take profit: $136.67
Stop loss: $188.55
Risk/reward: 2.98
Moderna, Inc. Flashes Bearish SignalsWe have a lower high, compare this past 16-November to 4-August.
We also have a clear bearish pattern in the form of a rising wedge.
Going by the candlesticks, we can spot some bearish signals there as well.
16-Nov. Doji is a bearish candle.
18-Nov. another bearish candle, confirmation of the previous one.
Today we gapped lower which gives strength to the bears.
A correction can easily form here.
CHANGE
MRNA needs to break and close above 188.65 for the bullish momentum to resume.
Trading below 185 spells doom.
Support levels/targets are marked in light blue.
Namaste.
