Market Analysis for Feb 5th, 2021

Another million dollar lotto that paid out -MRNA

Dec 29, 2020 Price sitting at $109, target $150-180. Went as low as $102.66 since homework alert.

https://www.elliottwavetrader.net/p/analysis/202012296625368.html

Jan 29, 2021, $218~ premarket hit with RTH high of $185. Majority of profits secured.

https://www.elliottwavetrader.net/p/analysis/202101296709738.html

 Feb 5, Now, $173 and bull flagging again for another ramp (easy money over, looking for next ride)

Remember, it does not take a genius to do some homework in an uber bullish trending environment and produce insane amount of alpha while minimizing drawdown. When you have timeframe alignment on all the key timeframes, you basically have a license to print money. Shown in real-time with educational lessons, talk the talk and walk the walk…

MRNA FEB5_DAILY
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MRNA FEB5_WEEKLY
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Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.