Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
MODERNA stock: trade the dip
2020-12-17 • Updated
Moderna was at $177 a while ago. Back then, the market was celebrating the completion of the vaccine trials, and expectations of seeing them finally rolled out to the public made the price soar. What happened next? Days were going by, vaccines have been out there being administered since then, and the virus... hits record daily deaths in the US. So, how to trade that? Trade it fundamentally. You saw the market emotions push the price upwards; now, cooling off, it goes down. Will it eventually go up? Very probably, yes. But not now. Just look at the chart: everything above $95 seems to resemble a rocket blast. That's all emotions, and now, the market is removing them from the price. However, dropping back to $95 might possibly be just too much of a correction. Therefore, a downward retrace to the area of $120 is advised as a currently expected support to be hit. Once the stock is there, watch for the bullish reversal signs, and buy. The stock gives a fundamentally good outlook, so a mid-term bullish bet seems to be an appropriate strategy here.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area.
- Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).