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PFIZER INCPP

PFIZER INC

24.955EURD
−0.210−0.83%
At close at Feb 28, 16:56 GMT
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PFE trade ideas

$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. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, give it a huge thumbs up, and follow for more updates regarding this ticker symbol!
NLong
by UnknownUnicorn6361804
1
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
NLong
by markrivest
2
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.
NLong
by emettrade
1
PFE - buy support zones analysisHello traders, Description of the analysis: PFIZER ( PFE ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NLong
by Jacob_Kovarik