MRNA faces likely short-term decline/shake-out; key support at 20-day MA (~173-174), next level ~152 if broken.

There you go. So, we have seen the bottom of Nike, as you said, as you said . There is another appeal, and it is from a few weeks ago. So I forgive you if you don't remember this, but do you remember Moderna 130?

Yes. So, that was that support level, the breakout at Moderna. At this point, we now have a triple top here. You broke out above the peak, you hit a triple top. These are of course not all-time highs; it was higher during COVID, but you have a triple top.

We saw a significant capitulation in this sector today. Everything was opened higher and was subsequently fully punished. It wasn't a huge volume today, but it was a clear rejection.

So, what do you expect for Moderna now? Is there a next entry level, because it is clearly still in an upward trend and everyone is wondering what the next step is, since it has performed so well.

Well, I think you have to look where it came from, and this movement came directly from that 20-day moving average. So, we place an anchor point there, and if it were to fall back to the average price of that event, it would effectively return to the 20-day moving average.

So for me, that is the most important level of importance, around 173 to 174. If that level does not hold, you go back to the anchor point of the event, and that would bring it to around 152.

So I think a decline and perhaps a small shake-out are likely, but that seems to be the key level around that 20-day moving average and the anchor point of the most recent rise .

Some consolidation would certainly be appropriate here . I mean, it just rose from 125 to 210, and that would also be about a 50% retracement. What I just did there was use the Fibonacci tool from this low to this high, and 50% of that, as you can see here, would lie exactly at this level. The 61.8 level would be around 159 to 160.