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. There are still billions of people in the world that have not been vaccinated yet.
- Moderna ran a successful clinical trial of their vaccine on young adults between 12 and 17 and it was found to be very effective. The young adult market could see very high demand if governments mandate vaccinations for school age children.
- NEWS: Moderna just entered into an agreement with the government of Argentina for 20 million doses of its Covid vaccine.
- EVENT: Moderna is expected to report its 2nd Quarter earnings around August 5th, 2021. Its Earnings per share have exceeded analysts’ forecasts 6 of the last 8 quarters.
- PRICE: Moderna stock price has been in an uptrend channel for some time and is well positioned to break above its all-time high of $245.70.
(#MODERNA), July 13, 2021
Current Price: 235.00
|
Moderna |
Weekly |
|
Trend direction |
UP |
|
Resistance 3 |
295.00 |
|
Resistance 2 |
275.00 |
|
Resistance 1 |
255.00 |
|
Support 1 |
220.00 |
|
Support 2 |
205.00 |
|
Support 3 |
190.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Moderna |
||||||
|
Pivot Points |
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
Profit or loss in $ |
60,000.00 |
40,000.00 |
20,000.00 |
-15,000.00 |
-30,000.00 |
-45,000.00 |
|
Profit or loss in €** |
50,744.25 |
33,829.50 |
16,914.75 |
-12,686.06 |
-25,372.12 |
-38,058.19 |
|
Profit or loss in £** |
43,371.40 |
28,914.27 |
14,457.13 |
-10,842.85 |
-21,685.70 |
-32,528.55 |
|
Profit or loss in C$** |
75,138.00 |
50,092.00 |
25,046.00 |
-18,784.50 |
-37,569.00 |
-56,353.50 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 15:49 (GMT+1) 13/07/2021
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*** 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