After the last ATH, Biontech corrected quite swiftly with up to -31% on the swing low.
Let's analyze where we are going most likely to trend next:
First look at the bigger scope:
Lower time frame:
Wave analysis:
Targets:
What will happen afterwards?
Let's analyze where we are going most likely to trend next:
First look at the bigger scope:
Lower time frame:
Wave analysis:
Targets:
What will happen afterwards?
Note
What will happen afterwards?Note
I'm still bullish for the next week. Nothing big has changed today.
Moderna and Powell pulled us downwards today.
Note
In spite the influx of good news, the stock lost his momentum and moved sideways for weeks.A dip is now more possible than ever:
Looking at the Log-Chart, we broke even below the big trending Channel:
We have 45 days until the new earnings report and a lot can happen in that time.
Bear in mind, that I'm still bullish for the Q3 date!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.