I see this as an attractive chart. You do or don't agree with me ?
[IMG]http://i36.tinypic.com/2ytv574.gif[/IMG]
Additional Information:
First, I saw this as an attractive chart, but the positions of Stochastic chart & MACD brought me to the projection that it's going to reverse and continue the downward direction today and one or more days.
Please share your idea with me on this.
Thanks
[IMG]http://i36.tinypic.com/2ytv574.gif[/IMG]
Best Answer
4085 points
EthanR answered 2 weeks ago …
MRNA is a highly volatile stock, so I would not want to own this one unless I felt that it was extremely oversold, and then it's probably a trade, not a long term keeper. Those who bought it at 1.50 or higher have taken a pounding.
At this point, it looks like the stochastic is about to turn up, but the MACD still looks terrible. This is the kind of stock that could be very short term traded when the RSI (2) is in single digits. If you get a 10-20% pop and the RSI (2) goes above 70, you get out and count your blessings.
Other than that, I would not be a buyer of MRNA, especially with the Nasdaq being so weak lately.
