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Moderna

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.
NASDAQ:MRNALong
by Patrick3040
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 $135-155 range if not back to ATH after all the vaccine orders materialize in actual revenues. We might still dip more but keep a close eye on it. We dont even have to worry about technicals, Fauci and the boys will pump this up.
NASDAQ:MRNALong
by bossmodetrader
4
Moderna is Bull Flagging! Target 227$ Moderna is currently on a bull flag. Last retracement is very positive. The breeder finally came and there is still some place to lower around 110$ where the bottom of the gap up is ! I would not be surprised is MRNA go there but usualy if the bull trend continue the daily MA 21 will offer support and this is currently what we are seeing. Daily MA 21 is at 125.78$. Price came back over the daily Vwap today.. this can push the price quicky around the fishing trap zone around 154.13, but 146.46$ should offer a good resistance. MRNA is in a great posture for a continuation right now... Here are some key points to watch : -Currently on a potential Bull Flag with a target over 200$ -Bullish divergence on the 4 hour chart on MACD, Momentum, CCI, OBV, STOCH and MFI. -Support seem to be strong on the daily MA 21 -Price now over VWAP which is now support at 126.69 -Stoch RSI is crossing on the upside on the 4 hours -Weekly MA 7 and MA 9 offer support at 127.72$ and 114.89$ -4 hours MA 21 offer support at 126.69 -RSI is turning on the upside -Daily MACD is still in bullish territory -Bottom of 4hr Donchian channel reached at 115$ -Bottom of 4hrs and 1day chart Bollinger Band reached -Bottom of Donchian Channel is at 98.65$ (can the price go there) Maybe but! -Median line of the weekly Bollinger Band is at 89.23$ (can the price go there) Maybe but! Merry Christmas ! Much love!
NASDAQ:MRNALong
by Crypto_Mercy
28
ridethepig | Long $ABUS for an 80% move...Another single stock opportunity that is worth building a bridge over; $ABUS (Arbutus Biopharma) an excellent and cheap shelter for the next chapter in covid flows. The beauty of choice! It is interesting as all covid vaccines will have to RNA IP .. this is a convincing driver. As well as creating a shelter, use the intimately linked highs to add and build more on the position once it starts working. I am looking for an +80% move to the upside over the coming weeks. Thanks as usual for keeping the feedback coming 👍 or 👎
NASDAQ:ABUSLong
by ridethepig
5
Will Moderna save the world ?We don't know if the hype is over around MRNA. It has probably finished its 5-wave impulse and will need to settle down in correction. There is support zone in the range 87-103 formed by previous price highs and some Fibo levels as seen on the chart. From the fundamental point of view we could compare Moderna with some other biotechs: AMGN, GILD, VRTX, REGN, ILMN, BIIB. Their P/S ratios (Price to Sale) are in the range from 3.50 to 14.50. Big names like GSK, PFE, MRK make 5-7bn in all vaccine sales per year. If MRNA makes $2bn in sales, at P/S=15 their Market Cap should be around $30bn --> $77 per share.
NASDAQ:MRNA
by ProTrading24ru
8
Moderna says they have a vaccine, ask for emergency approvalModerna announced today it would request the United States & Europe an emergency authorization for their vaccine. If my sources are correct. As usual most of the mainstream media are unable to relay the information correctly, according to them the demand has already been made some posted at the same time say "will", and some only mention the FDA (the US one). From their own site: "FDA has told Company to expect VRBPAC meeting for mRNA-1273 likely on December 17, 2020" investors.modernatx.com The FDA is the very competent very legit administration that authorized the Redemsivir after all of the final results (showing how bad it was) had been published, reviewed, circulated... "These risks, uncertainties, and other factors include, among others: the fact that there has never been a commercial product utilizing mRNA technology approved for use; the fact that the rapid response technology in use by Moderna is still being developed and implemented; the safety, tolerability and efficacy profile of mRNA-1273 observed to date may change adversely in ongoing analyses of trial data or subsequent to commercialization; " "In some cases, forward-looking statements can be identified by terminology such as “will,” “may,” “should,” “could”, “expects,” “intends,” “plans,” “aims,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees " Sell hype, but hey, make sure you are covered. The price gapped by 13%, went up 4% 2 minutes after the announcement, is up 50% in the last 3 days. Moderna investor news release is 50 lines long. Investors of course also read the latest 10Q published the 30 October available here and 400 pages long: investors.modernatx.com Impressive! These investors are very fast readers! "We are expending significant efforts to further the rapid development of this potential vaccine and expect to continue to do so over the next 12 months." Authorized and distributed by december? 12 months? Distributed, maybe obligatory, still in development? These words should not be in the same sentence. Hey maybe I am just a plebe and it is typical for this to happen, I really need a medical advisor at some point. Dad! He sells pills and vaccines for big pharma, perfect candidate. If (jk there is no if) - When I get rich I will need advisors in all areas I just cannot deal with that much info and misinformation, and correlations, and risks, and so on. Hey and rich people will be able to afford real science and real medical treatments while the plebes get the untested vaccines with coinflip long term effects. They are turning healthcare into a consumer thing, it is not about healing the sick but distributing (for a cost) supplements and medications and prevention vaccines to everybody. I do not know if this will, or can, continue. Medical doctors are against (I think) turning the population into drugged zombies. The sheep well I am not sure about the sheep, I think the "silent majority" just obeys and follows no matter what - this is what they have done for all of history. If they make progress to sell products to make people that go into old age have better quality years then it could work out but still not sure because those that cannot afford it are not going to accept this, people see healthcare (at least today) as a basic human right. Anyway let the fomoers and gamblers fomo and gamble, I strongly think this is very very early, and the worse the greedy corporations and their liberal-bourgeois buddies in governments behave (how they handle this vaccine for example), the longer it will take for people to forget and the biotech bull market / revolution to comeback and go up. People have goldfish memories so it won't take an entire lifetime either, 5 to 20 years to complete a bear market then start an uptrend. Well too many variables, we will see later, for now we observe and wait. Let's see what happens with this new tech.
NASDAQ:MRNA
by MrRenev