Trading idea for BioNTech SE (NASDAQ)

BioNTech SE (NASDAQ)

#BNTX

The trend is upward. The downward wave pattern is truncated. The stock is trading between the 365 EMA and the 135 EMA. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy upon the formation of an upward wave pattern where wave (A) breaks through the trendline of the truncated downward pattern.

Stop Loss: 95.70.

Target levels: 104.50; 110.92.