How the price action of Biontech Se (BNTX) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for BNTX
  • Buy BNTX over 160.81 target n/a stop loss @ 160.35. Details
  • The technical summary data tells us to buy BNTX near 160.81, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 160.35 to protect against excessive loss in case the stock begins to move against the trade. 160.81 is the first level of support below 183.11, and by rule, any test of support is a buy signal. In this case, if support 160.81 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for BNTX
  • Buy BNTX over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy BNTX just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 183.11, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 near n/a, target 171.47, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of BNTX if it tests n/a with a downside target of 171.47. We should have a stop loss in place at 0 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, n/a, 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 over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy BNTX just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 183.11, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 near n/a, target 161.70, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of BNTX if it tests n/a with a downside target of 161.70. We should have a stop loss in place at 0 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, n/a, 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.

BNTX Ratings for August 05:

Term →Near Mid Long
Rating Strong Strong Weak
P1 0 0 71.61
P2 167.38 161.70 112.84
P3 174.82 171.47 160.81

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BNTX Long Term Analysis for August 5 2022


BNTX Swing Trading Analysis for August 5 2022


BNTX Day Trading Analysis for August 5 2022

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