How the price action of Biontech Se ($BNTX) is used to our Advantage
October 24, 2023, 03:15 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BNTX
- Buy BNTX slightly over 84.77 target 97.36 stop loss @ 84.53 Details
The technical summary data tells us to buy BNTX near 84.77 with an upside target of 97.36. This data also tells us to set a stop loss @ 84.53 to protect against excessive loss in case the stock begins to move against the trade. 84.77 is the first level of support below 92.52 , and by rule, any test of support is a buy signal. In this case, support 84.77 would be being tested, so a buy signal would exist.
- Short BNTX slightly under 97.36, target 84.77, stop loss @ 97.64 Details
The technical summary data is suggesting a short of BNTX as it gets near 97.36 with a downside target of 84.77. We should have a stop loss in place at 97.64though. 97.36 is the first level of resistance above 92.52, and by rule, any test of resistance is a short signal. In this case, if resistance 97.36 is being tested, so a short signal would exist.
Swing Trading Plans for BNTX
- Buy BNTX slightly over 94.94, target 97.36, Stop Loss @ 94.67 Details
If 94.94 begins to break higher, the technical summary data tells us to buy BNTX just slightly over 94.94, with an upside target of 97.36. The data also tells us to set a stop loss @ 94.67 in case the stock turns against the trade. 94.94 is the first level of resistance above 92.52, and by rule, any break above resistance is a buy signal. In this case, 94.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BNTX slightly near 94.94, target 86.99, Stop Loss @ 95.21. Details
The technical summary data is suggesting a short of BNTX if it tests 94.94 with a downside target of 86.99. We should have a stop loss in place at 95.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 94.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BNTX
- Buy BNTX slightly over 94.94, target 97.36, Stop Loss @ 94.72 Details
If 94.94 begins to break higher, the technical summary data tells us to buy BNTX just slightly over 94.94, with an upside target of 97.36. The data also tells us to set a stop loss @ 94.72 in case the stock turns against the trade. 94.94 is the first level of resistance above 92.52, and by rule, any break above resistance is a buy signal. In this case, 94.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BNTX slightly near 94.94, target 90.98, Stop Loss @ 95.16. Details
The technical summary data is suggesting a short of BNTX if it tests 94.94 with a downside target of 90.98. We should have a stop loss in place at 95.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 94.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Biontech Se (BNTX) available here: BNTX.
BNTX Ratings for October 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
84.77 |
| P2 |
85.76 |
86.99 |
97.36 |
| P3 |
90.98 |
94.94 |
111.66 |
AI Generated Signals for BNTX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Biontech Se (NASDAQ: BNTX) data table below can help you with price action, and we have more details too. Trading plans for BNTX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BNTX:
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