Tried to break 33.77 resistance zone 3 times and failed each time. This zone also falls in line with the fib retracement zone. Finally, the closing candle was an indecision candle and supports the idea of a sell at this level. Targets would be the bottom of the range that it is currently trading in (31.00) or 32 where we see consistent indecision.
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Downs (Dow Jones Index incl. all shares)
drive.google.com
Best regards :)
Aaron
After the last high, price dropped like a stone in the water.
The last move signifies looks to me like the last puke, to scare the crowd out of the position.
If you think - a market specialist has all the money he needs to manage the market to the big players favor.
But there is one thing that makes me ummmmm.....
...watch the last huge bar in the orange part....
A trend change in Jan 17 is expected, pay close attention to events ahead.
We have seen a 7 year rally since 2009, after penetrating the November 21st low the momentum is bearish. This is a warning to pay close detail to weak upward momentum.
To date we have exceeded last years 3522 high, in order to maintain this upside we need to close above last years high...
Main signals:
1-breakout of local inclined support
2-flag-channel
Sell 34.65 (flag's bottom line breakout)
Stop-loss 35.39 (+1 tic flag's high price)
Target 32.50 (sizing+strong support)
R/R ratio 1:3
ProShares UltraShort Nasdaq Biotechnology ETF BIS has already build up its base line or support you can say. It is the only stock (ZBIO, LABD) where the price line has clearly shows the support over the last one year period of time from July 2015 till Aug 2016. Slowly but gradually it's going NORTH. Time to buy for long time holders.
www.zacks.com
GO HSORT GUYS WITH LEAP OPTIONS OF NEEDED.
PFIZER TOPPED OUT.
buy the rumor sell the news " Pfizer to Buy Medivation for $14 Billion" The bigger the buy the greater the fall.
www.wsj.com
PFIZER is trying her last bet to survive but eventually will fall. wish Pfizer CEO and all the board directors can see it for them to look for new job or polish up resume or...
On this trade i am not expecting much as this is a trend continuation trade could see some volume but i like to trade reversals more than this
Waiting for breakout to short this trade with take profits @ Flag
Notice:For this trade only put less amount of money that u normally put on all trades
PFIZER is in an uptrend on daily but with a big bearish divergence on 4h. I'm expecting a deeper correction before a possible strong wave up. The breakout of long term rising trendline invalidates this setup.
Pfizer is doing pretty well on long term perspective
Price has tested and held the 10-year trend, by falling to 10-year uptrend border (at 30.5) during August selloff, then bouncing back up from it
Price is also currently restoring its 5-year trend, however it is yet to trade above the 5 -year uptrend border at 33
Nothing stops the price from trending upwards -...
from technical point of view pfe is in a down heading pitchfork
arriving to the median line (which is also multy pivot line)
the second time is not a good sign but there
might be a temporary support in this area
not recommended for long of course but for short with destination around 27 $ based on closing
beneath the median line
