$MRNA Trade Idea for Santa Rally 12/21/20

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.

Kommentar:

Nice price action out of the gate this morning.

Trade geschlossen: Ziel wurde erreicht:

Short target was reached. Once price broke below the purple box (as mentioned above) the move came quick! Great trade!!!