magarmanish528

Moderna break of flag and retest of flag breakout area

NASDAQ:MRNA   Moderna, Inc.
As you can clearly see the break down of the bear flag on the daily timeframe . once breakout it wanted to retest the flag breakout area by forming ascending wedge pattern which is bearish. And also on daily time frame on the top resistance area 147 to 149 , it has created rejection wick candle as we can see it is clearly rejected at the area and wedge has already breakout . the 138 139 area support need to be break in order to come down more to 132 and 126 area respectively . GOOD r/r ratio at this point . the stop loss should be break of resistance or long time frame channel. Note : please be extra careful while playing health sector therefore . i hope this chart helps .

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