$MRNA Trade Idea for Santa Rally 12/21/20
Updated
Bouncing off the 20 EMA and closing inside of previous bullish candle. If price breaks below 135 (purple box) = downside risk. Price action would drop.
However, I'll be watching to see how price reacts to vaccine rollout news pre market. Could form a "W" reversal pattern.
However, I'll be watching to see how price reacts to vaccine rollout news pre market. Could form a "W" reversal pattern.
Note
Nice price action out of the gate this morning.Trade closed: target reached
Short target was reached. Once price broke below the purple box (as mentioned above) the move came quick! Great trade!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.