$MRNA finds support in new “Go” trend

$MRNA finds support in new “Go” trend


January 2023


Alex Cole

$MRNA has been in a “Go” trend for a week or so.

We saw bullish divergence with price making lower lows but GoNoGo Oscillator making higher lows that helped the stock climb out of its “NoGo” trend.  As GoNoGo Oscillator broke through the zero line price started to paint aqua “Go” bars as it battled with horizontal resistance.  Now, as it fights for more price gains, GoNoGo Oscillator has found support at zero on heavy volume.  We will look to see if this positive momentum is enough to enable price to set a new higher high.