Hubert Senters here.
Let’s take a look at MRNA. Looks like it’s going to continue to go a little higher right now. Be careful a lot of people are playing this. They’re gambling things.
It’s going to be the same thing as Pfizer because I think they’re using close look to the same technology for their vaccine and a lot of people are piling in to this thing thinking it’s going to be the next Pfizer.
Some of the insiders has been selling pretty maturely so you might want to tighten your stop so. It could potentially go higher and so I’m going to give you both sides and make sure you’re educated.
So if we go one, two, three we could see potential targets of $92, $103 and $109. Now, with that being said be careful but you always use a stop.
If we go from this low all the way to these highs let’s see where the potential pullback can be and that will let you know about type of risk you could potentially be opening up yourself for.
It could come all the way back down here to $57 and $48 so just be careful. I’m not telling you one way or the other. I wouldn’t have a problem trading it to the long side as long as I had a tighten stop so I didn’t get hurt in the trade.
Mark Helweg is doing a special webinar ”The Simple Way to Trade These Complex Market Conditions” Saturday, November 14th at 11Am EST. I will HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
