These vaccine stocks don't care about market weakness

Both Moderna and BioNTech are breaking out today on the daily time frame.

The relative strength in these vaccine stocks is something to pay attention to.

Not sure if it means anything for Covid, but with the resurgence of cases making headlines on TV again, we might see continued strength in these names. Breakouts have not been working recently, but the r/r looks good for either of these with a stop below today's low.

Yorum:

Notice how both of these never looked back/retested the breakout level. Just another example of how the best trades work the fastest.

These trades are rare and the perfect example of what breakout traders look for - clean breakouts risking the low of the previous day/breakout candle that never look back.