BNTX biotech / currency play LONG

BNTX a Germany company in the biotechnology and vaccine sectors out of Europe

and Germany is looking good on the 2H chart here with a volume profile and an

intermediate term VWAP overlaid. Price bounced off the bottom of the high volume

area of the volume profile and looks to be ready for a reversion to the mean and even

a sling-short move. The target here is the double top M pattern of mid July at 114.

The VPT and MACD are confirmatory of a momentum flip making for a long trade

entry. I will review the options chain for a suitable options trade with a narrow bid/ask

spread, suitable volume and open interest. If I cannot find one I'll take a trade of

10-20 shares of stock with a stop-loss of 105 to back up this trade while NVAX and MRNA

are also making moves.


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.