MRNA recently closed above a long term trend line (resistance) today on the 4 Hour chart. This is great news for MRNA bulls.
Today, MRNA CEO says they expect sales to increase to "6 - 8 Billion USD" because of COVID and other generic flu vaccinations they are going to be selling. Could mean that vaccinations are making a come back (link posted below)?
The good news for MRNA bulls is that the chart looks promising. Ideally, we need to see the following happen BEFORE I WOULD GO LONG :
1) MRNA needs to close and hold the trend line (resistance now) as a support level with a clear test and hold
2) MRNA needs to see an increase in volume as typically sellers have been able to manipulate the price of MRNA with low volume as bulls have been weak
3) MRNA will test $117 [First Major Resistance Level] and then $122 [200 EMA]
Over all, I am not a huge bull on MRNA, the chart just looks promising. I think the fundamentals need to catch up. There is a reason why the market has beaten down MRNA stock from the COVID-19 all time highs. If fundamentals start lining up, I could see MRNA breaking out of this slump.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.