Moderna Inc for 16/07/2020

#France #Nasdaq It’s always a surprise when market gains are “blamed” on a single company but for a while, Nasdaq listed #Moderna held the accolade on Wednesday. Their crime was fairly simple, by announcing a Covid-19 vaccine entering final clinical trials later in July, stock markets surged upward in the US and Europe. This is the 2nd time Moderna created a frenzy and this time, it justified a read through their report.

To cut a long story short (and skip the difficult scientific stuff), they tried their vaccine on 45 people. In all 45 people, the medicine triggered immune system responses which produced the correct antibodies to defend against Covid-19. None of the participants experienced any safety issues with the drug and as a result, the vaccine is going forward to final clinical trials on 27th July. Hopefully this phase lasts less than the usual 1 to 4 years normally allocated to determine a new drugs long term effects.

Then again, a staple of Hollywood has always been for rushed drug testing causing dangerous outbreaks of zombies, politicians or lawyers, none of which are good for peoples health!

 

The immediate situation with Moderna Inc looks pretty straightforward. Price movement next exceeding 88.5 dollars should trigger further growth to an initial 100.5 dollars. In the event this level is bettered, we calculate 114 dollars as a reasonable secondary target. Better still, if everything goes a little crazy with the price somehow exceeding 143 dollars, it goes beyond any level at which we can calculate “TOP” as the sky is the limit.

Visually there’s a well defined uptrend, one which implies concern in the event the share price wanders below the 60 dollar mark.  In fact, with the strength of recent acceleration, we’d experience early worries should it even wander below the 70 dollar level, making us suspect we’re not seeing a potential entry point but instead, a potential trap for monies invested. To explain, such a triggering movement risks reversal to the 30 dollar mark.

For now, we prefer optimism but only if it exceeds 88.5 dollars.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:02:24PM	BRENT	43.74									Success
10:04:14PM	GOLD	1810.61									‘cess
10:06:20PM	FTSE	6301.57									Success
10:07:55PM	FRANCE	5107.2	5036	4999	4950	5099	5146	5160.25	5192	5086	Success
10:16:48PM	GERMANY	12934									Success
10:18:34PM	US500	3231.02									Success
10:24:17PM	DOW	26906									Success
10:26:26PM	NASDAQ	10705	10565	10497.5	10404	10690	10732	10779	10915	10634	‘cess
10:28:25PM	JAPAN	22909									Success

 

15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%

14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%

13/07/2020 FTSE Closed at 6176 points. Change of 1.33%. Total value traded through LSE was: £ 3,893,865,356 a change of -14.27%

10/07/2020 FTSE Closed at 6095 points. Change of 0.76%. Total value traded through LSE was: £ 4,542,024,650 a change of -0.44%

9/07/2020 FTSE Closed at 6049 points. Change of -1.74%. Total value traded through LSE was: £ 4,562,272,376 a change of 3.26%

8/07/2020 FTSE Closed at 6156 points. Change of -0.53%. Total value traded through LSE was: £ 4,418,238,580 a change of -6.59%

7/07/2020 FTSE Closed at 6189 points. Change of -1.53%. Total value traded through LSE was: £ 4,730,023,410 a change of 2.54%