BioNTech delivers like promised | NEW COVID VACCINE DATA | Hey fellow Traders!
Today From MAINZ, Germany to NEW YORK .
In the last Analysis we talked about upside potential of the freshly developed Covid-19 Vacccine from NASDAQ:BNTX and NYSE:PFE
Also calling out those huge gains even before all those news were released.
"Today those companies announced their mRNA-based vaccine candidate, BNT162b2, against SARS-CoV-2 has demonstrated evidence of efficacy against COVID-19 in participants without prior evidence of SARS-CoV-2 infection, based on the first interim efficacy analysis conducted on November 8, 2020 by an external, independent Data Monitoring Committee (DMC) from the Phase 3 clinical study. After discussion with the FDA, the companies recently elected to drop the 32-case interim analysis and conduct the first interim analysis at a minimum of 62 cases. Upon the conclusion of those discussions, the evaluable case count reached 94 and the DMC performed its first analysis on all cases."
This means we are right on track for the FDA Fast Track Drug Approval, on which the whole world put their hopes on. With increasing daily cases this news are like a rescue ring in the middle of the ocean.
But lets get back to the chart.
We had a huge upper resistance level at the psychological mark at $100 but if this move today turns out to not just be a bull trap and we can see a solid consolidation phase, im optimistic to see a new support level building up at the prior resistance.
As we can see the uptrend is still intact and we could form a nice resistance/support level over time. With the incoming cataclyst it should be pretty obvious that we are likely to see a evven stronger upmove soon. But this stock is still a playball from big hegdefonds and investors. So be careful when trading this.
Personally i´ll use the next the next rebound to stock up, wait for the news and then sell nearly all those shares on good news.
Why i am sure about this?
- Well the stock had the same moves for the past months, and if you understoof this, it was like a money making machine.
- First come first served
- Millions of pre sold Vaccine doses to dozen of countries.
- Momentum
- No insider sold yet
- MRNA TECHNOLOGY
- CANCER MEDICICNE IN THE PIPELINE
- Incredible Management Team
- And of course Everyone wants to finally get their old life back.
- $1.4 B Potential Revenue
- Bill Gates
Thank you for taking your time to read this.
I hope this was interesting and useful to you.
Best greetings and happy trading! :)
Disclaimer: All writers opinions are their own and dod not constitute financial advise in any way whatsovver. Nothing published by me constitutes an investment recoomenddation, nor should any data or Content be relied upon for any investment activites. I strongly recommend that you perfom your own independdet research and/or speak with a qualified investment professional before making any financial decisions.
