The market is all about perspective, not value. Maybe perception is a better word, but MRNA may be about perspective. This was an earlier C&D trade that didn't pan out, I may have had the wrong perspective.
The bullish descending wedge is what I may have missed, it wasn't quite there a few weeks ago, bt now it's obvious.
A closer look reveals support at the wedge support line and a reversal.
Here we have an important 15 min positive divergence, this is pretty significant.
The 10 min is positive too
as is the 5 min.
MRNA may be in the process right now of starting a run up and it's still pretty early in that process. This is a C&D trade so it's speculative and your risk management should reflect that.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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