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Moderna, Inc. Flashes Bearish Signals
Moderna, Inc.
Short
Moderna, Inc. Flashes Bearish Signals
By AlanSantana
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Nov 21, 2022
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Nov 21, 2022
We have a lower high, compare this past 16-November to 4-August.
We also have a clear bearish pattern in the form of a rising wedge.
Going by the candlesticks, we can spot some bearish signals there as well.
16-Nov. Doji is a bearish candle.
18-Nov. another bearish candle, confirmation of the previous one.
Today we gapped lower which gives strength to the bears.
A correction can easily form here.
CHANGE
MRNA needs to break and close above 188.65 for the bullish momentum to resume.
Trading below 185 spells doom.
Support levels/targets are marked in light blue.
Namaste.
Chart Patterns
Technical Indicators
moderna
modernainc
MRNA
nasdaq
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Trend Analysis
AlanSantana
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