MRNA Mutli-week banger incoming
MRNA buyers showed up last week with volume to the upside. There are a few options to play this to the upside or downside.
Weekly 2Up: 180.8 2U continuation trigger with PTs to 186.8, 193.2, and 200.08.
4H Upside: This could be setting up for a 2-1-2 continuation to the upside plus the weekly 2U trigger.
4H Downside: I would look for a trigger below 173.83 followed with 2D continuation to take us closer to the weekly retest area at 160.
Inverse Head and Shoulder/W/Cup and Handle (4H): A large cup appears to be forming since the beginning of Feb. If we get a pullback to the weekly retest area at 160, I would watch for a bullish reversal pattern and do a multi week swing up to the Jan retest zone around 200 and beyond.
Weekly 2Up: 180.8 2U continuation trigger with PTs to 186.8, 193.2, and 200.08.
4H Upside: This could be setting up for a 2-1-2 continuation to the upside plus the weekly 2U trigger.
4H Downside: I would look for a trigger below 173.83 followed with 2D continuation to take us closer to the weekly retest area at 160.
Inverse Head and Shoulder/W/Cup and Handle (4H): A large cup appears to be forming since the beginning of Feb. If we get a pullback to the weekly retest area at 160, I would watch for a bullish reversal pattern and do a multi week swing up to the Jan retest zone around 200 and beyond.
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