Pfizer seems to be in a bullish pattern as indicated by the bullish BAT pattern. Also this has been confirmed by green candles on Heiken with two days consecutive gains. In addition price has moved above the fib level of 38.2% and the trend line resistance which is an indication that we have a solid support at this point. Target at fib level of 61.8% which is 53.75. That accumulates around 7 percent profit. Stop loss according to the risk reward ratio.
Trade closed: target reached:
Target Reached