Will PFE take Another Run @ $62 ? Pool Guy Thinks So !
PFE had a nice reversal this week, putting in a nice hammer candle on the weekly, bouncing nicely off of the 2001 ATH.
For those with a high tolerance, I'd buy @ $47.50 with stop @ 10% lower. Another run at the all time high will bring us back to $62, or a gain of 30%. A low risk trade with a 3:1 reward if you use the price levels on the chart. Those with a lower risk tolerance would wait for confirmation with next week's weekly close.
On top of that - we should not forget that they have a product likely to be in high demand for some time - which is of course COVID vaccines - probably the only thing better than erectile dysfunction pills.
For those of you old enough to remember, Viagra was the drug that sent them to their 2001 ATH.
Find me a better product than COVID vaccines for a company to sell - the only thing better than penis pills or cigarettes !
PG
For those with a high tolerance, I'd buy @ $47.50 with stop @ 10% lower. Another run at the all time high will bring us back to $62, or a gain of 30%. A low risk trade with a 3:1 reward if you use the price levels on the chart. Those with a lower risk tolerance would wait for confirmation with next week's weekly close.
On top of that - we should not forget that they have a product likely to be in high demand for some time - which is of course COVID vaccines - probably the only thing better than erectile dysfunction pills.
For those of you old enough to remember, Viagra was the drug that sent them to their 2001 ATH.
Find me a better product than COVID vaccines for a company to sell - the only thing better than penis pills or cigarettes !
PG
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