Moderna, Inc. Flashes Bearish Signals

٢١ نوفمبر ٢٠٢٢

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.