PfizerLong
Buy on Break-Out - PFE [S] 23 June 2021
PFE [S]
Reversal detected after bouncing off support at 38.70
Broke downwards trend on 21/6/2021. Bounced off the long-term bullish trend line.
Showing recovery strength with Green candle and 1st Green Heikin-Ashi on 22/6/2021.
Look for bullish confirmation if 3 White Soldiers on 23/6.
Price action is still moving along the long term bullish trend. Will show strength if 40-ish resistance zone can be broken.
Based on Swing and ATR, Stop Loss can be at 38.04
First Take Profit target at 40.58 (Fib 78.6%), second TP target at 42.77 (Fib 161.8%)
Trend
Monthly: Uptrend
Weekly: Uptrend
Daily: Uptrend
Volume: Decreasing (Diverging againt increasing price)
SMA: Bullish, Showing strength as 50MA is moving away from 200MA
Slow Stochastics: Bullish Crossover on 22 June
RSI: Showing slight uptrend
Wait for good breakout and confirmation at final trading hour
TF1D Break-out at 39.84
TF1H Confirmation: Green Candle
Rating m w d 4h h: SB B B B B
Reversal detected after bouncing off support at 38.70
Broke downwards trend on 21/6/2021. Bounced off the long-term bullish trend line.
Showing recovery strength with Green candle and 1st Green Heikin-Ashi on 22/6/2021.
Look for bullish confirmation if 3 White Soldiers on 23/6.
Price action is still moving along the long term bullish trend. Will show strength if 40-ish resistance zone can be broken.
Based on Swing and ATR, Stop Loss can be at 38.04
First Take Profit target at 40.58 (Fib 78.6%), second TP target at 42.77 (Fib 161.8%)
Trend
Monthly: Uptrend
Weekly: Uptrend
Daily: Uptrend
Volume: Decreasing (Diverging againt increasing price)
SMA: Bullish, Showing strength as 50MA is moving away from 200MA
Slow Stochastics: Bullish Crossover on 22 June
RSI: Showing slight uptrend
Wait for good breakout and confirmation at final trading hour
TF1D Break-out at 39.84
TF1H Confirmation: Green Candle
Rating m w d 4h h: SB B B B B
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.