Moderna (#MODERNA) weekly uptrend opportunity based On 1.00 Lot Calculation:
- Moderna is a biotechnology company that specializes in mRNA vaccines. Moderna is one of the leading providers of COVID-19 vaccines in the world. Moderna’s Covid-19 vaccine is one of the most effective on the market, and there have been very few negative stories of bad reactions. Some of Moderna’s competitors have not been so fortunate.
- EVENT: Moderna is expected to report its 2nd Quarter earnings on August 5th, 2021 (PREMARKET). Its Earnings per share have exceeded analysts’ forecasts 6 of the last 8 quarters.
- Statistics: Only 27.6% of the global population has received one dose of vaccine, and only 14.1% are fully vaccinated. That means there are billions more vaccines that need to be distributed. Moderna has demonstrated its Covid vaccine is effective against the latest Delta variant, and it has been proven effective in young adults 12 to 17.
- NEWS: Moderna was recently added to the S&P 500 Index, making it a must own stock for many passive funds and fund managers that track the index.
Moderna (#MODERNA), July 29, 2021
Current Price: 345
Moderna |
Weekly |
Trend direction |
|
420 |
|
400 |
|
380 |
|
315 |
|
305 |
|
295 |
Example of calculation base on weekly trend direction for 1.00 Lot*
Moderna |
||||||
Pivot Points |
||||||
Profit or loss in $ |
75,000.00 |
55,000.00 |
35,000.00 |
-30,000.00 |
-40,000.00 |
-50,000.00 |
Profit or loss in €** |
63,196.74 |
46,344.28 |
29,491.81 |
-25,278.70 |
-33,704.93 |
-42,131.16 |
Profit or loss in £** |
53,777.32 |
39,436.70 |
25,096.08 |
-21,510.93 |
-28,681.24 |
-35,851.55 |
Profit or loss in C$** |
93,477.00 |
68,549.80 |
43,622.60 |
-37,390.80 |
-49,854.40 |
-62,318.00 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:00 a.m. (GMT+1) 29/07/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details