Moderna is showing signs of recovery. Has made a base in the weekly and daily charts as marked by sky blue and white horizontal lines.
Immediate target $128.
However, there are another 3 and half days left for the end of the week. Smart recovery is on the cards, next week.
I am not a registered analyst with any of the National/International Agencies. Please...
Underperforming stock considering market fall and participation of the fall.
Relatively Under performer.
testing 78.6% retracement looks to be on charts.
114-100 key support levels to stall the fall.
If recovery happen at the support good.
RSI hitting oversold on weekly chart as shown will be critical along support support 114-110.
If the recovery has to...
The setup is there to take this name back to ATHs. Technically needs over 418.44 to confirm the long trigger, but don’t think that’s going to be a problem if the momentum continues.
Will need to see some retests of key levels hold before being interested. First area of interest would be the recent breakout level of $414, but would much prefer a retest of $400/20d.
