Source: PaxForex Premium Analytics Portal, Technical Insight

The U.S. government recently signed an agreement with Pfizer and BioNTech to order 100 million doses of pilot vaccine. At $19.50 per dose, this is approximately $1.95 billion from vaccine sales.

Pfizer, H4

Pivot: 38.30

Analysis:

Provided that the asset is traded above 38.20, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 38.30
• Take Profit 1:  39.00
• Take Profit 2: 39.95

Alternative scenario: 

In case of breakdown of the level 38.20, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 38.20
• Take Profit 1: 36.80
• Take Profit 2: 36.00

Comment:

RSI shows an uptrend during the day.

Key levels

Pfizer, D1

Pivot: 38.35

Analysis:

While the asset is traded above 36.80, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 38.35
• Take Profit 1: 40.70
• Take Profit 2: 41.80

Alternative scenario:

If the level 36.80 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 36.80
• Take Profit 1: 35.10
• Take Profit 2: 34.00

Comment:

RSI is above its neutral area by 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stocks are trading above the 20-day and 50-day moving average (by 36.32 and 35.16 respectively).

Key levels:

We also advise you to pay attention to Apple for intraday trading:

Pivot: 437.23

Analysis:

While the asset is traded above 431.40, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 437.23
• Take Profit 1: 446.80
• Take Profit 2: 450.80

Alternative scenario:

If the level 431.40 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 431.40
• Take Profit 1: 424.80
• Take Profit 2: 420.80