MRNA is now between the 62% and the 79% fib levels. Between these levels is where the average ARC will fall. If the market is extremely bearish, then of course it can fall further and some fall back to the beginning of the rise up.
No recommendation
No recommendation
Note
It does not look like the entire daily chart posted above, but just a portion of it. The green dashed line is only the first level of support I see. There are many more underneath. I try to wait for a support level or an area of consolidation, then see what happens at that level. If it goes down past it, I wait for the next level I marked as a level of support and see what happens there. I am not sure the vaccines are working well, even though the virus is becoming less and less severe. I had it this week, and had very mild symptoms and I am unvaccinated. I am just not sure how this will do or how low it will go. Only time will tell.Note
"When science is not allowed to be questioned, it becomes propaganda"
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.