BNTX has broken out nicely upon earnings
it also aligns nicely with the pattern price is portraying which is an ascending scallop, commonly considered a bullish pattern
We just finished Elliot wave 1-5 and ABC pattern, already bounced off of a strong demand zone and 71.8% fib zone we can enter right now but our R/R ratio is 1.7 since we missed first bounce, what we are looking for is a retrace to our entry point ant 71.8% fib zone and enter there. Also market made a gap at 182 zone which has to be filled. Also a gap at 325 zone,...
I will buy Biontech after breaking through the turquoise bold line. In doing so, I will set a short stop lose at 0.4% below this line and will raise it over time. Next, I plan to buy after the next thin turquoise line is broken, if the indicators favor buying.
This is not a financial recommendation.
Take care.
