I am watching this set up closely here.
We said last week that the ascending triangle formation, with a Wave 2 support inside it at 0.618 Fib, is a very strong bullish set up once its breaks out of the triangle.....check out the $MRNA chart to see how this looks.
The price is now above the 50 and 200 Day MA and making a move up to the triangle top line now at $138.
So a break out here and more importantly a retest of the $138 level to confirm it as a support, will be a very bullish indicator and a signal to buy to catch Wave 3.
Labo
2024-05-29 14:29:28 +0000 UTCDerek Bealby
2024-05-28 11:30:11 +0000 UTCTommyJR
2024-05-28 11:03:34 +0000 UTC