I've fallen into the Moderna trap myself: after the cliff-like drop in COVID vaccine revenue, I kept chasing the decline, only for the bottom to fail to hold and break again. Now the chart finally gives a relatively clear reference point. RSI is around 27, near the lower Bollinger Band, with the 20-day moving average providing resistance at $26.5, and the 200-day moving average far away at $38.
Entry: $24.5-$25.5 low-volume stabilization zone, stop loss at $22, target $34 (resistance zone near the 20-day moving average), risk-reward ratio about 3:1. Hold $24 and target $34, break $22 and exit.
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