BionTech Fastly Approaching Major Resistance, Will we Break?Hi Guys, this is a Technical Analysis on BionTech (BNTX) on the 3 Day Timeframe.
We are currently approaching a MAJOR RESISTANCE Trendline.
This Trend started from the TOP in 08/2021.
Everytime we've interacted with it in the past, we've been REJECTED.
Will we get Rejected again?
Well, we've had 3 touch points already. In trendline theory, it states that atleast 3 touches are required before a trendline is weak enough to break through. So, it is possible that a break can occur.
With risk of new variants, hospitalizations of COVID increasing and a push of government to get people to get boosters, this could be a chance for Trend change to UPSIDE for BNTX.
BUT just looking at it in a pure TA lens, i wouldn't just start buying now.
I would wait for a break above the Trendline and CONFIRMATION above it.
Also with the break, note that VOLUME should be spiking and increasing.
We should not see a DECLINE in Volume as we break through.
That can be signs of a FAKEOUT.
We are also reaching some Resistance from a Support line turned Resistance line.
Now lets look at our indicators for more evidence.
RSI -> We've had the Lowest RSI reading on May 09,2023 EVER in BNTX history. This could be a catalyst for more buying pressure and a trend change. We also broke above RSI Red Resistance line.
MACD-> A momentum indicator, has crossed BULLISH, below the 0 level. If we continue this bullish momentum and the Blue/Orange lines move above the 0 level, this can be inject the well needed momentum for BNTX to increase in price.
STOCH RSI -> Is also in a BUllish cross and it shows that theres plenty of room for momentum to continue.
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DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
22UA trade ideas
BNTX biotech / currency play LONGBNTX 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.
BioNTech SE : Long Term?Big news announced in Nature, news-articles etc.
(Trade at your own risk!)
While on a short term this stock won't probably boom that much, this news could mean a huge stock opportunity
When we look at the shart we see a huge pump in the corona-period in which they also made (and still make) vaccins, this could be the next one.
Although we should consider that the production, approvement for a new vaccin like this could take years and years we shouldn't underestimate what they've found here and might
find in the future. Cancer treathment will always be needed and a huge dump like after corona isn't really expected.
The stock being at a resistance level could really work out good here, although it might be interesting to wait for the Earnings & Revenue rapport on the 7th of August.
I think the green box is safe to buy/trade in around this period, while if the stock is stumbeling around the lower resistane (orange) you really should think twice!
You also could wait for them to get the vaccin approved etc. the risk you're taking here is a little bit higher than if you would wait for that but the stock price by then would ofc be normally higher than now.
Another stock to watch is ROCHE I (RO) (they co-developed the vaccin).
www.tradingview.com
RectanglePrice looks to be in consolidation mode or a small triangle within a horizontal trading range. Price is been inside of the Rectangle for several months.
This pattern is neutral until broken. Some would trade inside the Rectangle.
This will most likely bust a move one way or the other.
Earnings date conflicts between a few different sites. I see 3-29 on Trade View but I also see 2-20 BMO estimated on Earning's Whispers.
ATL 10.40. ATH 461.87.
No recommendation.
EPS (FWD)
37.37
PE (FWD)
3.79
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.12%
Market Cap
$34.39B
BNTX: NICE BOTTOMING BASE ON THIS VACCINE PLAYBNTX (BioNTech) Healthcare sector
German company. Produce the BioNTech biotechnology. Partnership with Pfizer.
Nice long bottoming base since March.
Triple bottom .
It looks like a rectangle pattern .
All moving averages turning up .
A move above the blue zone (>195) could take it to 248 and maybe more.
I'm long with a stop at 165.
Trade safe!
RectangleNeutral until broken.
This is a longer term rectangle with 6 candles that touched or came very close to touching the top line which is resistance.
Some would swing trade inside the rectangle.
Price is bound between the 2 lines of the rectangle until it is not (o:
Possible W Pattern forming/No recommendation.
Price has bumped in to the .786 of the first leg down of the W pattern today. However, price only pulled up on the 2nd leg to the .236 of that 1st leg down. This would, in an orderly world, rule out a Cypher but this world has not been orderly as of late. )o:
Valley 2 is lower than valley 1.
$BNTX Amazing Range Trade till BrakeI see an Interesting range, when it brakes above I will wait for a confirmation and Jump in.
Why now buy at the bottom and don't risk too much?
Above Resistance (with Confirmation) - BNTX Great Place to buy for a LONG!
- TILL $300
- ANALYST SAY $212.
SO GET PAID on the WAY
BNTxDescending trinagle. Support 118. Reistance 150. Big area to chop. Upside target if break 150 and close above we would target 209. If we break and hold below 118 as reistance then we would target 47/50$. This could be a nice pickup closer to the 118 zone of support. Buyers are holding that level as of now. Buying any dip unless 118 is broken and starting to close below
BNTX is facing an armed angry bear !Angry bear has mad a weapon integrating three powerful and heavy elements and waiting for the stock to hammer it down !
Long term down trend line , 200 days moving average and lost golden ratio Retracement level are the elements of the bear's weapon.
Can BNTX make a heroic attack and defeat the angry bear? Not without a powerful comparable weapon I think. It needs a brilliant earning report or next wave of Covid or more positive sentiment in all market to survive facing such a frightening enemy.
Anyways, I am excited to watch this up coming battle ! Who wins? Lest follow and watch closely.
BNTX will pop-up on next earnings dayBNTX will pop-up on next earnings day.
Technicals suggest the stock has been building a bottom the last couple of months. Now is well above the 50 day EMA and it is begining to challenge the 200 day EMA.
The P/E ratio and Forward P/E ratio are in the low single digits.
I expanded my position when BNTX crossed above the 50 day EMA.
BioNTech showing a solid entryBNTX is finally concluding a year long descending triangle pattern. I see a low risk entry at $150 and will be buying. Stop loss set at $138.49, risking about 8.5%. If we see a large move upward, I could see the stock retesting both its 200 day moving average (likely at $183) and its next major resistance after that at $295. A potential of nearly 100% profit (not to say its a sure bet or smart to dump huge amounts into the trade without the stop loss...). Fundamentally, the company has a P/E of 3, no debt, and a huge free cash flow to fund its mrna platforms for a lot of other diseases partnering with some of the largest pharma companies in the world. Yet another variant of covid, upward pressure from the 50and100 day MAs, large portions of the world unvaccinated, and president biden contracting the virus could be potential catalysts for a move. If you're looking for a bio tech exposure this is a stock that seems to be set up well. Good luck to all.
BionTech - Financial Health ExcellentThe Statistics say between $182-$253 (1 year)
This Looks like it can Happen in 1 Year.
That will depend on their Progress.
Let's see what will happen in 2023,
but it looks ok to hold for the next 5 Years or more
BioNTech aims to develop the first mRNA-based vaccine for Malaria
prevention with the initiation of a clinical trial by end of 2022
BioNTech is evaluating sustainable mRNA vaccine production capacities in Africa;
the Company’s efforts are supported by the joint convening powers of the World Health Organization (WHO)
and the Africa Centers for Disease Control and Prevention (Africa CDC)
BioNTech’s Malaria project is part of the ‘eradicate malaria’ initiative,
led by the kENUP Foundation, to accelerate the eradication of Malaria
Disclaimer:
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