#Nasdaq #SP500 With a few UK stocks going ballistic due to China Virus activity, a glance at the US highlights a couple of shares enjoying time in the medical spotlight. #Moderna & #Cocrystal both deserve some examination, along with a reminder prices which go up fast can equally reverse with greater brutality.
In plain English, we’re focused on the numbers but remember checking out some fundamentals makes a lot of sense.
Moderna, at time of writing 24.5, has been quite encouraging, the share price needing trading beyond 26.6 dollars to enter a near term cycle to 29.29 dollars. If bettered, secondary calculates at 31.03 dollars though, to be fair, any enthusiastic publicity feels capable of driving the price to 36 dollars. We cannot calculate higher.
Visually, the proximity of our initial two target levels tends suggest the possibility of some hesitation around the 30 dollar mark. Any reversal needs break RED (currently 18) on the chart to justify hysterics, along with the risk of reversal to 9.95 and hopefully a rebound.
Cocrystal Pharma, presently 2.15, looks very capable of some excitement with trades now above 2.5 dollars as growth to an initial 3.69 appears possible. In the event this level is exceeded, our secondary calculates at an amazing (and therefore questionable) 5.46. Our in-house cautious nature makes us hesitant, when describing a scenario allowing a price to more than double but such is the nature of the current panic, it’d be churlish not to admit this possibility.
The price would require to slip below Blue, presently 1.45, to suggest an alternative investment in running shoes!
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
9:33:22PM |
BRENT |
54.28 |
‘cess | ||||||||
9:35:59PM |
GOLD |
1635.07 |
Success | ||||||||
9:41:41PM |
FTSE |
6951.4 |
Success | ||||||||
9:50:11PM |
FRANCE |
5603.7 |
Shambles | ||||||||
10:29:52PM |
GERMANY |
12649 |
Success | ||||||||
10:34:34PM |
US500 |
3135.02 |
3132 |
3123 |
3032 |
3157 |
3167 |
3186 |
3196 |
3122 |
Success |
10:38:13PM |
DOW |
27170 |
Success | ||||||||
10:42:30PM |
NASDAQ |
8858 |
8802 |
8740 |
8374 |
8930 |
8929 |
9004.5 |
9072 |
8836 |
Success |
10:49:11PM |
JAPAN |
22138 |
Shambles |