Elliott Waves is a trader’s best friend because it can help you identify and take low-risk trades. This post shows how Elliott Waves helped anticipate a 60% rally in Moderna (NASDAQ: MRNA).
A client had approached me for a consultation in this stock around the end of December, and I had sent him the file below. The actual low in Moderna was $102.66, slightly above the desired buy level of below $102. But the stock dipped below the earliest target of 104.43. In my online Elliott Wave program, I teach this approach in a very detailed manner, using several case studies. If you are serious about significantly improving your trading results, then be sure to check out this course.
Elliott Wave Analysis of Moderna 29Dec20