2020 Actual Trade: BNTX +73% Profits

July 24, 2020, 10:27 am EDT

2020 Actual Trade: BNTX +73% Profits

Biotech or pharmaceutical companies are definitely #1 stock groups to look for potential winners during COVID-19 pandemic. As we did Moderna (MRNA) with +74%, we got another +70% profit on BioNTech (BNTX). 

  • Noticed BNTX run-up from 30-100 in 4 trading days (March 13-18)
  • Began tracking its consolidation from March to June 
  • Identified solid consolidation process with support about 48
  • Breaking out 52 06/22 triggered buy signal
  • Series good news from its testing results, fast track approval from FDA and Trump Fed funding, BNTX quickly ran through 100 
  • Took profits +73% within a month
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