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 -...
Find my projection on the chart. Descending volume on descending prices shows a good opportunity for the next steps higher.
PFE (Daily) Rounding bottom formation 11 month, Withing long term Channel. Breaking out from a short term, ascending diagonal rectangle. Staying above neck_line, projects top of Channel. Versus S&P500, bullish brake_out from downtrend line. Retest possible.
A good retest of old resistance, new support. Nice candle on the hourly.
Break through key level on high volume with confirmation. Potential bought call position for shorter term gain. Close prior to earnings 28th Jan
Healthcare stocks (XLV) in general look overbought. Pfizer looks like it has completed a wolfe wave and could retrace back to $30. See annotations on chart.
Waiting for a pull back to the 200 day MA and trend line to go LONG.
$PFE is now 29.32.Hit Price Target.Great HPS Trade
If the long term thick downtrend holds true, then Pfizer might end up around 9 dollar again in time to come With such a weak performance since 1991, i think sooner or later DOW 30 components will be revised to replace those slackers stock
Retest this is a good opportunity to open a position.
$PFE is now $29.45.Price Target Hit. Great Trade from watchlist
In this case, the reversal usually occurs within one or two days.
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