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.
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.
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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.
Disclaimer
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.