(1h timeframe)
DETAILS: the price made a traingle and brokeout ,it broke also the two emas (100,200) and continued the breakout , i wanted to see a big bullish candle to enter , when i entered the bullish candle tried to break very strong resistence area and swing high ( i tought that the candle will break this area and the swing , because of the breakout) the...
PFE had this buying opportunity some time ago (12 days ago), it did pull back and never closed below the stop loss point of 27.04 and now gearing up for an action. I am guessing a price target between 31-32 ( this is 1:2 and 1:3 risk reward areas)
Pfizer (PFE): NYSE:PFE
At Pfizer, we believe that Wave (2) has not yet completed because Wave B precisely hits the 138% level and structurally does not make sense unless we see a breakthrough of the invalidation zone of the potential subordinate Wave (i) at about $41.62. However, we must form at least a double bottom at $11, which is our minimum expectation...
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Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
The falling wedge is a bullish price formation that tells a tale of the stock where bulls are gearing up for a new rally.
+ NYSE:PFE is trading below my estimate of fair value ($68.47). OVERSOLD!
+ Their Earning is expected to return to the $9-10 billion range (Pre-Covid). The current earning is 2.13 billion.
+ Paxlovid, Prevnar, Elliquis, Ibrance, Xeljanz,...
Reasons for bullish bias:
- The price has broken the downtrend trendline
- An entry at the lower highs (LH) breakout will provide further confirmation
- Currently, the price is in a consolidation phase
Here are the recommended trading levels:
Entry Level(Buy stop): 30.18
Stop Loss Level: 25.26
Take Profit Level 1: 35.1
Take Profit Level 2: 40.02
Take Profit Level 3: Open
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Pfizer Stock Analysis (PFE) - Potential Breakout with Support and RSI Divergence
Based on the information provided, we can craft an analysis of Pfizer stock (PFE) suggesting a potential breakout opportunity with underlying support and bullish RSI divergence. However, it's crucial to remember that this is not financial advice, and you should always conduct your...
It seems like the price may have hit its bottom, as we're seeing two Key Reversals on the Monthly timeframe.
This scenario could signal a Double Bottom, setting the stage for a high-probability trade setup with waiting for the price to break through the recent Lower High (LH) to confirm a change in trend.
Shifting our focus to the Daily timeframe, there...
