This is one of my favorite long set-ups. Got in small initially on the 25th of March with only 33 shares @ $27.50. Added today and now I'm long 100 shares @ $30.00 avg. (paper trade) with a $28.50 stop loss. My initial target is $33 but it looks to have the potential to get up to $35/$36 by next week!
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Zalraki
MRNA --- could be forming a new support channel upwards maybe as seen ? ----- we shall see if holds and climbs up ----- after tomorrow.
If breaks down it will go down to previous support levels and shown. If stays climbing it may go to new highs... tomorrow will be key day for any new transistions. KAGI charts indicates still lots of positive momentum....seen...
MRNA ---reached resistance --- may drop to $20 --- This is what the resistance / CHARTS says it MAY DO. YOU BE THE JUDGE ON THAT.
BUT who knows in the times.....markets are so very volitile that it is very unpredictabvle but charts can still show where resistance and some support will be ---- even though prices break through those points during theses...
This is a great example how forward looking indicators, when used in conjunction, can provide the most accurate support and resistance levels. While most indicators are lagging, projection indicators that help define major price pivots are predictive. MRNA ran into the upper MSP boundaries and has been trading between the bands with TDS lines from prior signals...
I think a good entry would be if we break the grey line to the top again. It broke the weekly trend line to the top as well. I would wait for a break to the top of resistance the grey line
If the company gets a breakthrough targets will be blown away, and the stock will go parabolic, but that is a "IF".
Speculative investment now entering the stock so need to be careful, as negative announcement could crush latecomers.
Previous target hit, now look top top of channel for next resistance level
Possible entry at market approx @22.90
Target price $25.66
Stop loss $21.94
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