$MRNA Could Use a Shot in the Arm

MRNA is a pandemic stock's pandemic stock. It's been falling back to Earth since Sept 21. It's hard to get clean patterns given how news and sentiment driven the stock is. I drew a channel using the large gap downs in early Nov and drew the lower bound the levels that it bounced off of until very recently. A retest of the lower bound is a possibility then down or it could just keep going down. In either case down seems like the likely scenario to me. Would turn bullish if it could take back the channel then consolidate in the channel until earnings as a best case scenario.