Enter after breaking the trendline.
Even if the end of the epidemic has a big impact on the price, it is still possible enter a long position and be a winner!
BNTX looks to be in a descending wedge and coming to its peak.
I have highlighted the red line horizontal resistance levels to watch in the event of a breakout.
Orange lines are the nPOC levels of interest.
Green line should be major support area at 120.
Descending wedge PT would be top of wedge.
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bntx is approaching extreme support here, a couple outcomes can happen.
we either bounce here and test top trendline before pullback, or we test the bottom of extreme support range first.
Both are profitable outcomes if you play it right, like and follow for more 💘
For 1/3, intraday trading ideas for options trading; not financial advice, 2 plans for red or green market day.
Break over 264 (entry, long), it can see 275-282 (exit)
Break below 251 (entry, short), it can see 233-240 (exit)
#options #daytrading
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment,...
Biontech seems to be at a critical point and repeating a couple of previous runs.
Pattern will be more defined by next week whether that run would happen or not.
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
I will buy Biontech after breaking through the turquoise bold line. In doing so, I will set a short stop lose at 0.4% below this line and will raise it over time. Next, I plan to buy after the next thin turquoise line is broken, if the indicators favor buying.
This is not a financial recommendation.
Take care.
Looking for some COVID plays to both sides, looking at a $400/$450 call spread at $1.95, paired with a $270 put if there is news that the new variant is less deadly over the weekend.
^ $BNTX will announce if its possible to revise their current vaccine to accommodate the new strain in 2 weeks and could redesign its vaccine within 6 weeks, with an aim to distribute it within 100 days.
BioNTech SE, a biotechnology company, develops and commercializes immunotherapies for cancer and other infectious diseases. The company is involved in the...
BNTX appears to be breaking out on news from Europe in relation to COVID. Governments such as Austria are taking a much harder line and this should significantly increase demand (initial doses plus boosters).
Bought two sets of call options - Dec/17 and short term breakout Nov/26.
