MRNA seems to follow a typical hypecycle pattern on the 15m Chart. I observed this pattern in ATOS in the last weeks on the 30min Chart and it ended with ATOS dropping like a rock. Keep in mind that just bcs ATOS dropped doesn't mean anything for MRNA.
I expect the same to happen to MRNA since it is just fundamentally completely overvalued and I doubt the hype will sustain much longer. But the market in 2021 is a crazy hype-driven meme market, so who knows what happens. Just an idea and no financial advisory obviously.
The risk I see is that the hype gets further fueled by news about more Covid outbreaks from the delta variant or from positive company internal news.
Just fundamentally seen I would make a share offering if I were involved in the management team of MRNA to take advantage of the very high share price compared to fundamental value, but I am not involved in the company, so who knows what happens.
I want to encourage the MRNA bulls to openly discuss their views here or in private messages. I am happy when you show me my current bear thesis is wrong and why.
Disclosure: I am short MRNA. So my views are biased. Pls do your own due diligence and hit your own decisions.
I expect the same to happen to MRNA since it is just fundamentally completely overvalued and I doubt the hype will sustain much longer. But the market in 2021 is a crazy hype-driven meme market, so who knows what happens. Just an idea and no financial advisory obviously.
The risk I see is that the hype gets further fueled by news about more Covid outbreaks from the delta variant or from positive company internal news.
Just fundamentally seen I would make a share offering if I were involved in the management team of MRNA to take advantage of the very high share price compared to fundamental value, but I am not involved in the company, so who knows what happens.
I want to encourage the MRNA bulls to openly discuss their views here or in private messages. I am happy when you show me my current bear thesis is wrong and why.
Disclosure: I am short MRNA. So my views are biased. Pls do your own due diligence and hit your own decisions.
Comment:
I don't kow how to edit it, but only pay attention to MRNA and ATOS. All other suggested tickers are mistakes by the algorithm and not part of this trade idea.
Comment:
Today positive news caused MRNA to break §340 again. As soon as we see a new high the trade idea to short MRNA is falsified by the price action breaking the main resistance level.
In that case I will close out my short position. I will at least hedge the short position now, but probably close it because the positive news invalidated the idea at least for this week and I am not willing to take the risk of a massive gap up over the weekend.
In that case I will close out my short position. I will at least hedge the short position now, but probably close it because the positive news invalidated the idea at least for this week and I am not willing to take the risk of a massive gap up over the weekend.
Trade closed: stop reached:
My stop loss was just triggered and my short position is closed. Planning to watch MRNA for a longer-term short entry and might enter the long side now that resistance has been broken. I want to see a confirmation before entering the long side.