PFE trade ideas
Engulfing The recent candle stick seems that it will engulf the previous body. This may signal a beginning correction.
Break down, guys. It's time. Say See you later and protect your portfolio. Wait for another time. Keep u guys posted.
I left at 38.39 @10/15/20.
BuyingThere is new money flowing into this medical stock again. This could take it higher for a while at least.
Ascending Triangle SetupLast Friday I went long on PFE.
SP moves in an ascending triangle which is formed since april. The peak is reached pretty soon but I do not believe in a breakout just yet.
I think it will be rejected by the resistance @38.58 one more time, so this is my price target.
Volume is average, trend neutral, RSI & MACD looking good.
SL is set just below the last low.
Entry: 36.8
TP: 38.58 (soft TP since there might be vaccine news and this would break the resistance for sure and I want to participate, so just keep a close eye on the PA)
SL: 35.25
New HighWe got a new high extending the Bollinger Band and it looks like we may see a green candle without wicks.
$PFE Pfizer Potential Trendline Breakout
That major downtrend is once again getting hit today.
MACD bullish
Stochastic reversing bullishly
RSI up trending.
Volume increasing
Looking good at bull side.PFE is trading @ the conjunction price level.
Either way will give a clear sign where PFE will be heading towards going forward.
Bias on bullish with good news such as New Zealand signs deal with Pfizer, BioNTech for COVID-19 vaccine
PFIZER VACCINE INCOMING, YEARLY BREAKOUT #PFE Earnings on October 28th, and probably first test results of the covid vaccine around that date! Breakout started today and it is likely to consolidate and then run up until end of the month. 4hrs timeframe squeezing on going, release should produce a big move. The green line (37/37.3$) represent an important support to be hold to reach 40$. It may need some days of consolidation over that level to take off.
PT1:38
PT2:39
PT3: 42 if Vaccine news goes well
No fucking stop.
Ascending triangle, getting closer to a breakoutWeekly chart of NYSE:PFE is getting to an end of a 7 months' ascending triangle with a possible breakout and price target around 50
Shorts on Pfizer look for short term sells on Pfizer, and once it hits support look for longs before earnings
Massive P.O.C HerePFE has reached a big point of confluence here. It broke the long term downtrend, and has been consolidating ever since. It has now come back to retest support of the trend break and has support from the trend created back in March. As long as this doesn't break below, all looks good for a move higher.
PFE Acending trianglePFE is currently about to touch the bottom of the ascending triangle. I'd be looking for an entry here with a tight stop below the last higher low
$PFE Expect A Move Towards $41.94Technical Analysis
Currently, $PFE is respecting an Ascending Triangle chart pattern, where buyers are unable to break the resistance level of $39.00, but has been making a slope of higher lows. As of 1/10/2020 close, the price is resting at $36.37, near the slope of higher lows. Coincidentally, we are also near the end of Wave 4, as the price is currently around 38.2% of the Wave 3 mark. As such, these support a very strong bullish Wave 5 Ascending Triangle continuation theory.
Entries, Price Targets, Stop Losses
Based on the 1/10/2020 closing price of $36.37, regardless of whether you are averaging your positions or taking a new position, it is currently at a sweet spot for a new entry. Personally, I have also taken a new position at $36.36. I believe that the optimal time for entry is when prices are below $36.46 and at the same time, stays above the slope of higher lows.
As for my price target, it is at $41.94, where it lies in a zone of resistance, right between the 5.62 markers and 7.90 markers. Do note that during Wave 3, a price increase of $7.99 was seen, while during Wave 1, a price increase of $11.33 was seen. Since Wave 3 cannot be the shortest of the 3 Impulse Wave, Wave 5 will likely be less than a $7.99 price increase. As long as the price breaks the $39.00 to $39.47 resistance zone towards the upside, I'm positive that the momentum from the breakout will bring the price towards $41.94, minimally reaching the 5.62 markers as established in the chart.
I place my initial stop-loss at $33.73, but as the price rise and respect the Ascending Triangle, you should adjust your stop-loss upwards by the same amount as the rise using a trailing stop-loss. This is because while as Ascending Triangle chart pattern usually indicates a bullish breakout, this is not always the case. Sometimes, the resistance zone may be too strong, causing a bearish breakout. As such, a stop-loss below the slope of higher lows should be in place as a precaution.
Disclaimer
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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Pfizer in Bullish BaseOur thoughts and prayers go out to US President Donald Trump and First Lady Melania Trump for a rapid recovery of the Coronavirus.
This is an update to my 9/26/20 Pfizer post. Since then the daily MACD has had a bullish crossover and the Histogram has gone above the zero line.
Ever since President Trump announce "Operation Warp Speed" to develop a Coronavirus vaccine before the end of 2020, he has hinted several times that the vaccine could come before
the US election on 11/3/20.
During the 9/29/20 US Presidential debate President Trump stated a vaccine could come in a few weeks.
My guess is if the vaccine is ready, the announcement could came on 10/22/20 - Twelve days before the US election. In 1972 Henry Kissinger made his "Peace is at hand" announcement
twelve days before the 1972 US election.
Now could be the best time to buy Pfizer (PFE). If they are the company that develops the vaccine, it could be too late to buy after after the announcement.
Mark
PFIZER BULLISH VISIONBy waves of eliot we have corrective wave # 2 finished at 50 of fibo, with wave # 3 in process.
Possible rounded soil formation in weekly chart.
In daily charts we see an inverted hch (healthy) formed on the 50 weekly fibo, which would activate after breaking the 40usd (previously it already exceeded this maximum, which indicates weakness of the level).
In H1 charts, we see how the price wants to form a possible double bottom, which if it activates and meets its projection at 39.50usd, it would be activating the hch.
Pfizer is one of the companies with the best market capitalization, with more than 200 billion dollars, it ranks 3rd among the best valued pharmaceutical companies in the world, above industries such as Bayer, Sanofi and Novartis. In addition to being the largest drug store in the United States.
In conclusion, we expect a breakout of 40usd per share to go long on this asset.
To keep in mind, they can take profit at 42.50 which is consistent with the 78.6 level of the last strong bearish momentum.
Pfizer - an outlook.Trading up and down for the next month in my view.
Thanks for viewing ! This is not financial advice , please consider yourbown Due Diligence and Risk Management.
Pfizer Could Have a Huge Move Up in OctoberThis post is related to my 8/30/20 "Peace is at Hand" post.
Two weeks ago Pfizer (PFE) announced they were expanding testing for Coronavirus vaccine which could come as soon as October.
This ties in with the many hints from US president Trump about having a vaccine before the US elections.
Watch the support/resistance levels in the coming weeks. PFE comes up with a vaccine in October - the move up could be HUGH!
Mark
Pfizer Triangle Formation AnalysisThe analysis I make is just an idea not an investment advice. Please manage your risk while trading and please make your investment decisions only by yourself.
