BNTX
is in a strong uptrend, and last week tested its 50 day MA and its bouncing really good. Today is in focus as the price broke out a continuation pattern with good volume. Also, the MACD is close to make a buy signal with a bullish crossover. BioNTech has a IBD relative strength rating of 97 and is Rank #2 in its industry, just behind
REGN
which doesn't have good technicals. With this buy signal I have a target sell on $266.50 with a 2:1 risk/reward ratio.
Trade closed: target reached:
Sold my position with +16% profit.