Here are some reasons as to why Im taking a long position
- Trendline support (fakeout as indicated)
- Inverse H/S pattern
Ill update this analysis as we go along =)
- Trendline support (fakeout as indicated)
- Inverse H/S pattern
Ill update this analysis as we go along =)
Technical perspective
- M15 formed a Head & Shoulders pattern
- H4 formed an inversed Head & Shoulders pattern
Fundamental perspective
- Both BioNTech & Phizer reported the covid 19 Vaccine requires a cold storage facility of -80 degrees in order to keep its potency