Trade Idea for BioNTech SE (NASDAQ)

BioNTech SE (NASDAQ)

#BNTX

    Trend is bullish. The truncated corrective wave structure has been completed with a breakout of the descending channel. The stock is trading within the range of the 365 and 135 EMAs. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator has exited the oversold zone.

Trading idea:

Buy on a breakout above 107.55.

Stop Loss – 105.10.

Target levels – 113.15; 119.80.