MRNA is not looking too good. What we can see is a weekly bearish engulfing candle after clear rejection from the upsloping resistance line. Rejection was nasty therefore we're seeing instant follow through. You can short it now with a final target at the support which is the entry for longs too. At the support, flip bullish and take a long position. The target is at the key resistance shown on the chart.
If you short now, pleace a stop loss at 219 - 220 $
Good luck
İşlem aktif
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117,20 $ is a take profit level. Final target remains the same. So far it's playing out exactly as we expected!
İşlem elle kapatılmış
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The price has created the higher low. Closing the trade manually here
Thanks for all of your postings. Are you still bearish on mRna? Would you agree to wait entering a long position at 120 level before it goes up? (I am a bag holder and trying to DCA). Thanks or all
vf_investment
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@wardaK, still bearish now. temporary bounces are likely but overall nothing changed. 120$ looks like a good place to DCA
P_S_trade
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Thanks for sharing your vision
TORNADOF5
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what if i want to short it now ? where good stop in your opinion ?
vf_investment
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@TORNADOF5, you can. On 4h timeframe , this nasty rejection looks like a double top which seems to be fully confirmed. Stop loss at or above 220$
TORNADOF5
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@vf_investment, 220 to huge fore LoL will see / any idea about NVDA seems like risky short now maybe need to wait some up move if we get one
vf_investment
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@TORNADOF5, 220 because it's above the rejection candle. If you were taking the short at the resistance, your stop loss in terms of % would be lower. Now it's more about catching follow through than shorting at the resistance. I hope it's logical . We will take a look at NVDA .
TORNADOF5
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@vf_investment, sure i agree / im just late every where it seems :{