29.08.2023
The trend is descending. The stock is traded in the range between 365 and 135 ЕМА. The ascending wave structure is truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Buy at the formation of the descending wave structure, where the A-wave breaches the sloping channel of the uptrend truncated structure.
Stop-Loss: 117.60.
Target price levels: 104.00, 96.00.
#moderna #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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