0QF trade ideas
$MRNA ascending scallop$MRNA ascending scallop number 2! Curling up on the daily, sitting right at the 9ema daily. Shorter timeframes we can see that it has been bouncing off the 0.5 retracement on Dec 30, and 0.618 retracement twice on Dec 31. Given the anticipated rise in covid cases due to the holiday period, we can see another multiday runner on $MRNA. Calls over 256.70 (9ema) or a bounce at 251.5 (618 retracement from Friday), PT 267.3, 288.2, 300, 305, and a retest of golden zone at 322.
ABC Bullish Symmetrical TriangleI took a second look and this also lines up as ABC Bullish. The Fib retracement indicator on here is helpful for finding C. Possible stop well below 233.20 or where you see support. The triangle bottom trendline may help reinforce a stop unless the triangle fails. Any pattern can fail and a triangle is neutral until a trendline is broken with a trend in that direction.
Short percent is 4.35%. MRNA was trading in a Parabolic Arc so volatility may persist. Price fell very, very close to the .618 fib level. The average arc falls to the .618 to .786, and often takes a breather at the .5 fib level on the way down. The ARC is a predictable pattern, in that it WILL eventually fall, but very difficult to trade on the way down.
MRNA is on the bottom trendline of a symmetrical triangle. The longer this trendline holds, the stronger the support of that trendline can become. There is resistance at the top of the symmetrical triangle that may affect targets going up.
The target is D. ABC Bullish is a measured move down, a pull back pattern. There is also a bearish version. Targets are calculated using the AB leg and fib levels.
Anyone who has traded this knows it is extremely volatile. News can change tomorrow. MRNA rises and falls with virus cases or media exploitation.
I am thinking the media will keep folks as afraid as possible until they are told to change their narrative by those who guide them, and it is winter. We have many more cases of documented influenza cases in my state than Omicron, like 10 to 15 times as many, but you do not hear about these on the news. Unfortunately, many folks did not get their yearly flu vaccine due to a state of panic to get their Covid Vax. So the hospital I work in has an abundance of people dying from Influenza right now. )o: I do not think we will ever hear about this on the news though.
No recommendation/Be safe and Happy New Year!
$MRNA strangle-ish...Looking for the right opportunity here into the end of the week. MRNA paid big for me last week, sitting here this could rocket back to $300, or drop to new lows. Looking at $300/$330 call spread paired with a $240 put...all in about $3.00 so risky play, but a lot of time for a stock like this to make it's next move...
Covid strike back AGAINThe new covid strain "Omicorn" is spreading quickly all over the world.
The obvious play for covid is investing in vaccines.
PFE all time high is $61, currently its at $58.
Where MRNA all time high is $500, currently its $248. Thats 50% discount from ATH.
Technical:
There is a clear strong support trend line that we're bouncing off.
BlueWave is setting up to give a green dot buy signal (bottom wave green dot is the strongest of signals on bigger time frames)
INVERSE MRNA... Ridiculously bullish.MRNA targeting $125 and it could happen FAST. Massive insider selling the past month and evidence is building that Omicron will leave the infected with a robust immunity. The case for vaccines is eroding by the day and hard to argue that the current orders for MRNA are not priced in. Very dangerous to be long PFE and MRNA right now
strategy for MRNA Tuesday 12/28/2021MRNA: sell zone (251.00) (252.00)
strategy: in case of a breakdown of both zones, the bullish continuity price is 253.00. something important, the action closed today with an inside bar.
bearish entry: in case of the opening being bearish we should not chase the price, we will only go down when the stock has crossed the sell price 238.00., always waiting for confirmation, be careful with the next support 233.51
$MRNA LONG TRADE IDEAOmnicron is on the rise and the travel season is going to further increase the number of cases in US. More and more people are running for booster shots as well. The stock was hammered last week and is close to oversold on longer timeframes. Thursday saw a nice reversal from 238 for a potential double bottom on 30 mins.
TRADE IDEA:
260C 12/31 on break of $253
TP: 258,270,280
SL: 245
Symmetrical TriangleThis pattern is neutral until a trendline is broken with a trend in that direction.
Touch number 5 did not make it to the top trendline, so some would call this a partial upswing as it stopped short of the top trendline.
A Triangle is a consolidation pattern and any of the 3 triangles, Descending, Ascending or Symmetrical can break to the upside or the downside.
Possibly post Parabolic Arc and has just about nailed the .618 fib level. On average, an Arc will fall between the .618 and the .786 of the prior high after measuring from the ARC bottom to the Arc top using a Fib table. But an Arc can fall less or more than these levels. Arcs do not usually shoot down like a rocket as they did on the way up. It is often a slow, yet volatile process to reach the landing pad.
Some levels of hard resistance noted overhead.
No recommendation.
To guesstimate 100% targets for a triangle, some would take the length of the wide, open end and project it upward and downward, as this could break either way. There are different ways to do this and we are all different. Price is at the bottom trendline of the triangle in this chart which is support.
Moderna breaks out from the downward price channel
Share prices are now out of the bearish channel and have breached a major resistance line at 2784.84 and the 200 MA line in M30. Share prices are now out at open waters and could navigate its way back up if it holds above 278.84. We have resistance around 298 and 310
