devdalistudio

Bad idea to go long on PFE?

Long
devdalistudio Updated   
BATS:PFE   Pfizer
Here I am again with another trade.
Pfizer is one of the many stocks I have been following for quite a time waiting for a good setup and I think now it's the time to go long,

Bullish RSI divergence, probable double bottom on a long time strong support area. We know this company has received a lot of heat because of covid, but Pfizer is a strong player in the healthcare industry so I hope it will rise again after all this tech AI mania goes over.

I'm buying PFE for a swing trade, let's see how it goes in a few months.
Trade active:
Bought More shares earlier this week a little below $26.

Stock Is facing a lot of selling pressure, but we can see there's also a lot of strong buyers defending the levels.

So I believe it's a matter of Time AND hopefully some good news for the stock price to squeeze higher.
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