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BIONTECH SE

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22UA trade ideas

Short and long term forecast for BiontechThe stocks of Biontech could be one of the best in the near few month. To eleborate this statement I have to do a quick review of the last weeks: 1) We are moving in a clear parallel channel and hit the upper border line. It was also an 1:1 extention of previous higher highs and lower lows. On a technical standpoint it was normal to see a drop. Furthermore, it was before X-Mas, were people tend to withdraw money for presents and taxes. 2) Point 2 should have been a good rebuy spot. It hit the median line of the parallel channel and we retraced to the 0.382 Fibonacci point. Exactly on that date, the news about the new UK covid mutation occured, which caused a FUD for the inexperienced traders. Therefore we droped lower than normal. 3) On that point we had strong horizontal support and hit the golden zone of the Fibonacci retracment. A perfekt buy! Now we are again at Point 2), but what changed since then? Biontech has proven that it's effective against the UK and all other mutations. Before that point, there were only estimations that Biontech would produce 1 to 1.3 billion units of the vaccine. Now we have a statement of the CEO that Biontech will produce 2 billion units! All old calculations have to be readjusted. Biontech announced the mRNA-technologie for multiple sclerosis The biggest shareholder of Biontech announced, that Biontech will become an own producing big farma company All that are bullish news which are not calculated in the current stock price. Risk reward ratio for the upcoming weeks: First of all let's see the potential target for a short term drop. A price around 73-75€ would hit a strong horizontal support, which is the golden zone retracment of the last upwards move and also the zone of the maximal traded volume (orange line). That potential -15% move would be a strong target for traders to go long with an easy stop/loss target below the parallel channel. The target for a short term upwards movement would be around 115€. That yellow arrow is an 1:1 extention of the current upwards movement. Going upwards would cause a fast move due to the last swifty drop form 109€. The target of 115€ would also hit the border of the parallel channel. We should see some resistance on that point again. The long term target is tricky to calculate. The most obvious method is to draw an Fib extention from the last big moves. We should see a target at 128€ and 168€. At first glance, that targets look slightly to high, BUT if we had an ATH of 109€ with calculated 1.3 billion units of the vaccine and if we extent that calculation with 2 billion units, we get a price of 166,77€ (109€ * 1.53) ;-) Risk reward ratio: With that trade we have a 1 to 5.5 risk to reward ratio, which every trader should be keen to it and a potential to nearly double our money.
FWB:22UALong
by MuffyPuffy
1
BNTX - Elliot Impulse Wave Hi Guys, So BTNX been extremely bullish for obvious reasons pertaining to its MRNA tech and obvious Pandemic. But lets stick strictly to TA which i enjoy more than news and such. I believe we are currently in Wave 5 of the Elliot Impulse Wave. Along with this idea, you can see the uptrend has been intact (Trendline). I have also added a 21 EMA which if price action is above it indicates uptrend or bullish trend. Also ive added 2 momentum indicators the Stoch RSI and MACD which are showing similar patterns to previous WAVE 0 and WAVE 2 before uptrends. Stoch RSI crossing over the 20 line with a sharp upward direction may indicate a trend reversal of the downtrend from $130 creating WAVE 4. Volume compared to the start of WAVE 3 seems to be higher as well, which will need to continue. Price action cannot go lower than price level at WAVE 4 for this theory to play out. Thank you. Let me know what y'all think. I am a novice at TA and would love feedback, advice. Goodluck and please manage risk!
NASDAQ:BNTXLong
by SafofAllTrades
1
ABC BullishLooks like a flag is Trying to form. There are no bearish rising wedges in the yearly chart..gaps under price for possible support NV and obv are both very high.. A flag should be a short term pattern, less than 3 weeks in formation. If a flag goes on too long, it will get too heavy and pull the flag pole down (o: Look at the steepness of your pole to see just how long of a flag that pole can support. A flag looks like 2 parallel lines that tilt against the trend. A tight flag is often better than a loose flag with lot's of space between price(candles). A pennant looks different and looks kinda like a falling wedge (falling wedges are longer in formation than pennants) attached and the trendlines tend to converge at the apex. The yellow ABC is there for illustration purposes with C being possible low of the flag, A being the beginning of the pole and B as the end of the pole. If you were trading the flag verses the ABC pattern, after flag breaks upper trendline, then C would be a possible stop. There are several ways to compute targets..You can use the magnet and move your pole to the low point of the bull flag (high point of a bear flag) or some take the length of the pole before the flag is formed and add it o the break out level of the flag. I cheated for this write up because since this flag has not broken out, I do not know for sure where the low point is yet but I am already in this stock. There are other methods as well but i do not know them ..lol and 2 is enough for me. I try not to get overloaded. I have found the forementioned methods yield approximately the same targets for a true flag depending on the size of the flag and the pole. This flag could possible pull back some more and form a longer flag as the pole would support it (unless it got eons long that is). Break out would be a break of the upper trendline and an uptrend for a bull flag. A flag may appear close to the top or mid way in the price trend but you really need a general uptrend leading up to the flag. Sometimes the flatter the base, the larger the break can be (ie. not a humongous pullback) Not a recommendation. Someone asked me to do this and I hope it helps (o:
NASDAQ:BNTXLong
by lauralea
3
BNTX - good movement on newsBNTX - positive movement on news climbing over the 50 day MA. solid institutional BUYING occurring over the last couple days...seen on webulll. CHANNEL day charting...IT STAYED ABOVE THE PREVIOUS DAY CLOSING mark of 100.39. (low of the day was 102) KEY: 50-day moving average Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short. ___________________________________ Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
NASDAQ:BNTX
by eziolisi_Investments
3
BIONETECH Buy signal... but waitBiontech has been a great steady performer all year. recently, they partnered with Pfizer to make a new vaccine what is being implemented in UK. My concern for this is now, they have shown their cards. The vaccine has been in the news for nearly 2 months. Have those gains been realized already I ask myself. I may look else where for more solid ideas, or may take a very modest position if BIONTECH trends on the base line of this trend, showing some divergence.
NASDAQ:BNTX
by Rod_85