dgcaste

MRNA closely respecting fib retracement

NASDAQ:MRNA   Moderna, Inc.
Today MRNA broke trend as the triangle price action (in yellow) squeezed in consolidation when the markets corrected. So far, the daily chart has been responsive to its fib retracement, most recently finding support at the 38.2% level of 147.66. Based on the sector I remain bullish, with support at 147.66 and resistance at 159.20 (the latter which was proven intraday and AH). If the price can cross this then next resistance is 177.85 at its recent 52 week high. If there is a selloff tomorrow next support is at 143.25 (in red).

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