Trade Idea for BioNTech SE (NASDAQ)

BioNTech SE (NASDAQ)

#BNTX

    The trend is bullish. The descending wave structures are truncated. The stock is trading within the range of the 365 and 135 EMAs. An increase in the wave degree of the internal truncated structure has been observed. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trade Idea:

Buy on the formation of a bullish wave structure, where wave (A) breaks above the descending channel of the truncated bearish structure.

Stop Loss – 105.20.

Target levels – 111.00; 117.00.