Watch these levels of Moderna prices when the supplies fall to the 5-year minimum

Modern (Mrna) Actions may remain under the microscope on Tuesday after sinking to the five -year lowest The news that the best Food and Drug Administration vaccine official, Peter Marx, gave up.

Marx, who helped supervise the development of Covid-19 vaccines, said that he would leave his role by the end of this week, citing conflicts with the Secretary for Human Health and Services Robert F. Kennedy Jr. The Wall Street Journal Reporting Friday that Marx had a choice of resignation or dismissal.

Moderna’s shares lost almost a third of their value from the beginning of the year to Monday closing and trading 95% below their August 2021. Record High. The shares led on Monday S&P 500, falling by 8.9% to USD 28.35.

Below we will take a closer look techniques is moderation Weekly chart And determine the key price levels to which investors can observe.

A hammer candle appears

Since the increase in sales pressure during the 200-week average walking in May last year, Moderna shares remained in the blink of an eye Down Trend.

It is also worth pointing out that Relative strength indicator (RSI) He has remained below 50 thresholds since July last year, which indicates a strong decline momentum included in the price of the shares.

However, in a small win for Bulls, the actions closed well above their session in the Monday trading session to create hammerstubborn Candlestick pattern With a small body and a long wick that signal the transition from sales to purchasing pressure.

Let’s identify the key Support and resistance Levels on the Moderna chart, using Technical analysis.

Key level support levels

Closing below the hammer pattern could be continued to the slide to around $ 23. Investors may look for opportunities to buy in this area near the highest week of trade in shares after audience At the end of 2018, the location, which also fits strictly peaks On the chart in February 2019 and February 2020.

. bulls“The lack of defense of this region opens the door to lower support at the level of USD 13. Actions may encounter support in this location just above them Record low Near a few trough, which formed on the chart between December 2018 and October 2019.

Important resistance levels to watch

Preliminary efforts in the field of recovery in action could bear the general resistance of around USD 36. This location on the chart can attract sales pressure near February counteracting High and at the beginning of November, which is also in line with the price spikes In February and March 2020.

Finally a more significant trend reversal Let Moderna campaign climb 68 USD. Investors who have accumulated actions He can look at lower prices Starting points In this region, near the trend line, which connects a number of consolidation at the end of 2020 with the outstanding November 2023.

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