Trade Idea for BioNTech SE (NASDAQ)

BioNTech SE (NASDAQ)

#BNTX

The trend is bullish. The descending wave structures are truncated. The stock is trading within the range of the 365 and 135 EMAs. The Awesome Oscillator shows bullish divergence.

Trading idea:

Buy on the formation of a bullish wave structure, where wave (A) breaks above the descending channel of the truncated bearish structure.

Stop Loss – 105.20.

Target levels – 111.00; 117.00.