The following opportunity is very risky, so, please be careful and manage your risk.
In this case, I rely only on Techincal indicators!
The Indicators I use are Ichimoku Cloud, EMA(50), RSI, and MACD. You might be familiar with them except the Ichimoku. If you are interested, you can read its description here: www.investopedia.com...i/ichimoku-cloud.asp
In sum: it is a trend indicator that shows support/ resistance levels, trend reversal, and so on...
On May 18: mRNA started to fall sharply. It pulled back to a key support level (47-48) but bounced back quickly. On May 29 it broke it down-trend.
I expect 2 scenarios:
1. Scenario: It will continue to rise on Monday. This is the riskiest of them because it is already overbought on The RSI.
2. Scenario: pulls back to support zone and afterward continues to rise( less risky)
Monday pre-market will tell us, so pay attention to it.
I hope you will make a successful trade :)
>If you are interested in less risky plays, check my related ideas.
In this case, I rely only on Techincal indicators!
The Indicators I use are Ichimoku Cloud, EMA(50), RSI, and MACD. You might be familiar with them except the Ichimoku. If you are interested, you can read its description here: www.investopedia.com...i/ichimoku-cloud.asp
In sum: it is a trend indicator that shows support/ resistance levels, trend reversal, and so on...
On May 18: mRNA started to fall sharply. It pulled back to a key support level (47-48) but bounced back quickly. On May 29 it broke it down-trend.
I expect 2 scenarios:
1. Scenario: It will continue to rise on Monday. This is the riskiest of them because it is already overbought on The RSI.
2. Scenario: pulls back to support zone and afterward continues to rise( less risky)
Monday pre-market will tell us, so pay attention to it.
I hope you will make a successful trade :)
>If you are interested in less risky plays, check my related ideas.