PFE - Pfizer to scare the crowd?
Updated
After the last high, price dropped like a stone in the water.
The last move signifies looks to me like the last puke, to scare the crowd out of the position.
If you think - a market specialist has all the money he needs to manage the market to the big players favor.
But there is one thing that makes me ummmmm.....
...watch the last huge bar in the orange part. It's a huge up- move. Along with the exact test of the L-MLH I would say, that there must sit big supporters.
Swing wise, no lower low is broken yet.
To me these are all signs for a nice and cosy long, with a stop below the base (27/25) for a longer play.
P!
The last move signifies looks to me like the last puke, to scare the crowd out of the position.
If you think - a market specialist has all the money he needs to manage the market to the big players favor.
But there is one thing that makes me ummmmm.....
...watch the last huge bar in the orange part. It's a huge up- move. Along with the exact test of the L-MLH I would say, that there must sit big supporters.
Swing wise, no lower low is broken yet.
To me these are all signs for a nice and cosy long, with a stop below the base (27/25) for a longer play.
P!
Comment
The scare worked as expected - Crowd is out, Pro's are in.Comment
Pro's are still in. Letting it ride up to the CL.Comment
On the way...Trade closed manually
What a pig...Don't like it anymore.
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.