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Moderna Spikes Amid Covid Fears, but Is It Just a False Positive?

Moderna Spikes Amid Covid Fears, but Is It Just a False Positive?

The Moving Average Convergence Divergence (MACD) oscillator is below the zero line telling us that MRNA lacks trend strength. In this daily Point and Figure chart of MRNA, below, I can see a potential upside price target in the $179 area. This weekly Point and Figure chart of MRNA, below, shows us the same $179 price target as the daily chart above.