Moderna has reached our defined Fibonacci retracement zone, which we outlined in our previous update on July 13th (https://monalytics.org/moderna-mrna-update/).
This zone is now officially active. We expect it to represent a prime opportunity to enter this market and position ahead of what we anticipate to be a long-term uptrend for this stock.
Long Entry Levels:
- 50% at $64.75
- 61.8% at $59.83
- 78.6% at $52.83
Stop Loss: 1% below the zone at $52.30
We will validate this zone once the stock breaks above its local high at $85.59.
Should anything happen with this stock, we will update you immediately.
Kind regards,
Monalytics
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