Trading idea for BioNTech SE (NASDAQ)

BioNTech SE (NASDAQ)

#BNTX

The trend is bullish. A truncated bearish wave pattern concluded with a breakout of the trend channel. 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 on a breakout above 99.60.

Stop Loss: 95.11.

Target levels: 104.50; 110.92.