$PFE Missed Our Previous Entry? Now Is Your 2nd Chance To Get InThis is an update for an ongoing $PFE position announced in an earlier post on October 2nd titled "$PFE Expect A Move Towards $41.94".
Technical Analysis
Currently, $PFE is still respecting the Ascending Triangle chart pattern, where after touching the slope of higher lows at around $35.50 to $36.00, it has flown past our optimal entry level of $36.36 to $36.46 and hit a 1-month high of $38.84 on 20th October 2020. It has since retraced from the highs and closed at $37.49 with a pre-market trading value of $37.66 on 21st October 2020 as of the time that I am writing this post.
New Finding 1: I have included a new Slope of Lower Highs based on the Weekly Timeframe as seen in the chart. For those who are baffled as to why there was such a huge rejection after hitting $38.84, this is your answer. If we go back to the 4H chart, we can see that after momentarily breaking the Slope of Lower Highs, there was a huge rejection within the same candle and subsequently closing just below the Slope of Lower Highs. Thus, the rejection was purely a result of a technical move, and not a fundamental problem with the company. In fact, I view this rejection as a very positive bullish indicator because firstly, price is respecting our Ascending Triangle and Symmetrical Triangle very well, which further strengthens our Bullish Bias towards $PFE; and secondly, if $PFE were to continue bulling without the retracement we saw yesterday, it would have brought $PFE's price too high, too fast, creating a 4 Hour Regular Bearish Divergence and false Symmetrical Triangle Breakout. These would have weakened our Bullish Bias towards $PFE, at least from a technical perspective.
New Finding 2: Fundamentally, $PFE is still in a very strong position in terms of where it is right now with its COVID-19 vaccine development as well as its first-mover vaccine advantage compared to other companies. We see Pfizer entering into COVID-19 vaccine deals with countries such as New Zealand and Mexico, where they each agreed to acquire 1.5 million and 15.5 million to 34.4 million doses respectively. This is great for Pfizer once their vaccine is approved and produced successfully. We also see 2 high-profile late-stage clinical trial - Eli Lilly's and Johnson & Johnson's test of COVID-19 vaccine coming to a pause due to possible safety concerns, which further strengthens Pfizer's position as a first-mover.
New Finding 3: However, I would say that the biggest news that came under my radar would be Pfizer's CEO pushing back COVID-19 vaccine submission to November due to stricter FDA guidelines requiring companies to provide two months' worth of safety data on half of the trial participants following the final dose of any investigational COVID-19 vaccine. I would say that this is one of the best things that the FDA could have ever done for Pfizer because back when Pfizer previously said that it would seek approval by October, there were a lot of distrust, uncertainties, and safety concerns towards a vaccine that was approved and produced so quickly. This could have potentially caused a weaker-than-expected bullish move even if Pfizer managed to get its vaccine approved and produced. However, with a stricter FDA guideline, if Pfizer is still able to get its vaccine approved and produced first in the market, consumers will be more likely and willing to accept usage of their vaccines, leading to a positive bullish catalyst for $PFE.
Entries, Price Targets, Stop Losses
There are no changes to our price targets and stop losses, so I will not repeat in this post. If you are interested to see what they are in detail, you can refer to my previous post, I have linked it down below in the 'Related Ideas' section.
What I want to focus on is the entry. I believe that this pullback has presented itself as a solid price to add a position or even enter a new position if you have missed our previous entry. So, if you would like to enter into $PFE, this is your chance before it breaks the Symmetrical Triangle towards the upside, and subsequently, break the Ascending Triangle. In general, buying in the lower half area of the remaining Symmetrical Triangle would be a great entry.
Disclaimer
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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.
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Coronavirus (COVID-19)
The Pfizer News: Hear it First!Stocks have blasted through new highs completely disregarding election drama and focusing solely on the Pfizer news. Indeed news of a 90% success rate in the vaccine has fueled a risk on frenzy. It is really difficult to "crystal ball" what's going to happen other than to say that a retracement is likely at some point. This news seems highly dubious and when that is priced into the markets we could retrace the entire move and then some. I'd be highly skeptical of this move. That being said, I would also not get in the way of this freight train. If you have an existing stock portfolio you should be singing right now. But I would also consider taking profits. We have just found resistance at a Fibonacci Extension level, which may prove to be a retracement. The Kovach OBV is incredibly bullish so there is a lot of meat to this rally.
3 months of CHAOS #election2020Elections always were and always will be just an illusion of choice!
Yes, you can choose the road, but destination is always the same.
#election2020 #covid19
And Trump will remain president, but till official announcement, there will some blood on the streets and markets
BLACK SWAN PESSIMISTIC SCENARIO WIG20This pessimistic scenario is based upon current state of healthcare services in Poland which were underfinanced for many years and have very limited resources in qualified personell and equipment.
There is significant lack of nurses and doctors in Poland not mentioning available hospital beds which means the system is near its breaking point.
Recents countrywide protests could lead to epidemic spread of Covid 19 infection which will soon paralyse healthcare sytem and force goverment to freeze everything.
$PLTR Palantir Displays Importance To The Public. 20% Spike ProjNov. 03, 2020 2:03 PM ET Palantir software considered for U.K. COVID Contact Tracing pProgram
According to Financial Times sources, the U.K. government has talked with Palantir (NYSE:PLTR) about using its Foundry software to manage track and trace data related to the coronavirus pandemic.
seekingalpha.com
Previous reports have shown that the United States Government has also chose Palantir to track COVID-19 Vaccines...
The use for Palantir's multiple software programs continues to show just how important this company is the Western World.... both Military and Industrial.
Zoom 8h Chart 11/2 Head & Shoulders May Have Bottomed@cptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day.
The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are looking good for a bounce back up.
I've switched from short-term bearish to neutral. I'll be watching this closely as more lockdowns and stay-at-home orders are announced.
NASDAQ:ZM
just my thoughts11 minutes ago
So, Feds have, yet again, cut, 45 minutes before closing bell. Expect a rally to resistance 3450ish, then a drop back to support and maybe beyond. There are some major contribution to this! for starters, if you look at the day clock it has already consolidated and went into expansion! Now we await the major move! Another Huge contribution is the european markets, which will not only affect europe, but the world economy, Including but not limited to S&P! Another reason is it is extremely over brought, i know we have added over a 100k retail traders, but that numbers is not realistic in any time frame or period! lol! CUTs may do nothing at this point,
Apple has also Suffered! which will also hurt!
China is seeing a slight increase in cases, and some are going back on lockdown!
China has administered over a 100,000 doses of vaccines! (no clinical trials) :(
China has also seen a increase in cases!
Last thing, Coronavirus is up more then march! don't panic, IT IS NOT TIME YET! :( :( :( :( :( :( :( :( :( :(
Only thing i will say on that pullback to 3450 is that the last wick on the 4 hour is longer than any other! so spx may be DOOMED
$LAKE Deep Dip and Flip Pandemic pt.2$LAKE is finally pulling back a bit now getting towards support in a big way. Price is falling quite hard so by no means am I interested in the first approach (unless extremely strong) but, if there is a pandemic part two that shows its ugly face in the nearer future, this could go nuts again.
Possible Stock Market CrashNow this an interesting one,
Traditional Markets Closed last candle very bearish as shooting star and with selling pressure,
also we closed below the previous candles close, indicating more bearish momentum,
We also confirmed the 4 drive bearish RSI divergence, which is hefty
After the first bearish divergence we had on the monthly we crashed about 21.13%,
1 Year 1/3 later we had a third crash caused by corona and a 3 drive rsi divergence, which is about double as big from last crash
Now we confirmed a 4 drive rsi divergence, and the government initiating a second lockdown, aswell as the elections happening,
We very well could crash a third time and this time looking at the previous crashes, this would put us at 1720
VIX 2D Bullish Technical Analysis ViewHere is your daily VIX update.
I'll be tracking this closely as we head into the election and post daily updates to see where we are in the trend process if we are able to maintain it. With extreme uncertainty in the markets already and with much more to come, I have a bullish view on the VIX over the next 3 months.
Right now, I don't believe we are in jeopardy of retesting any March levels, however, that could change quickly.
Here are my catalysts for the VIX to move.
Delayed Stimulus and the compounding effects
Covid Resurgence (Media will control this narrative and may keep or accelerate fear faster than expected, I don't expect the opposite. Joe Biden's multiple references to "DARK WINTER")
If Trump loses, Trump may cause havoc as he winds down his presidency
Overseas Instability
More EU Lockdowns - EXPECTED, this will hit the market hard and may have a delayed reaction. LIkely immediate sell-off, price agreement, and then further selling.
US Lockdowns - Clearly, this would have the largest impact on our economy. Especially if we implement NATIONAL lockdowns. If Democrats win, I believe the likelihood of a lockdown increases dramatically. However, I still believe with the republicans retaining office, lockdowns would then be decided on a state by state or county by county basis and would lessen the overall impact.
I'm sure there are many more catalysts to move the market so I would love your feedback and I'll add them in!
Bitcoin Holds Up StrongBitcoin refuses to go lower; the 50 EMA acts as support and holds the coin above $13,000.
On Tuesday, Bitcoin broke its short ranging period between $12,650 and $13,350. The coin went up to $13,850 but failed to achieve a vital breakthrough at the $14,000 level.
Coronavirus and Bitcoin
BTC’s failed breakthrough and subsequential downturn may be in part due to the stock market experiencing a severe pullback this week. On Wednesday alone, the NASDAQ 100 was down 3.5%, which is a severe downturn for a single day (the European markets have been faring just as badly). If stocks continue to tumble amidst the fear of Coronavirus, they might drag Bitcoin's price down along with them, as they did in March. Therefore it may be a good idea to keep an eye out and see how the situation develops in the equity market. If the $13,000 support breaks, then we could see the price retrace to $12,100.
Upward Potential
Although BTC has so far been unable to break the $14,000 resistance, this does not mean that it won't do so. The fact that the coin is still holding above $13,000 holds weight. The 50 Exponential Moving Average (EMA) is one of the best indicators to identify Bitcoin's direction on the 4h chart; it is currently below the price, indicating bullish momentum. The 50 EMA is now acting as support and represents suitable entry points for traders looking to jump in.
If Bitcoin manages to break the $14,000 resistance, then there is a minor resistance around $15,000 and a major one around $16,000.
SPY 29/10/2020Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 12 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
First thing, that 3/11 will be president election. Mr. Market is unpredictable, we need to expect any situation.
My desicion on Market. There are two options:
1. Option – the Market react on support zone (cca 325 USD), because VIX is at 40 points, what is reaction zone.
2. Option – The market break this support zone (325 USD) and it´ll continued at another support zone (cca 300 USD)
Therefore, i decide to split the risk of entry, that I´ll been split on 2 half parts, in case of falling, we´ll average the price. I think, that rather averagating the price than betting all on one price
Trade carefully!
Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
Please Follow me on Twitter :) Thanks!
EURUSD : first stop around 1.16 ?
Actually the EU situation is critical concerning the COVID context.
The European Central Bank wont change anything about policy parameters.
All decision will be made on December.
Actually, the price is under 1.17, the next step is 1.16 . if the 1.16 is broken so im waiting for a return at 1.13.
good trade
[COVID] It's Gonna Get Much Worse Before It Gets Any Better :(We're not doing enough to reduce the rate of transmission... wear masks indoors, keep groups small and socially distance, it'll help.
COVID infections hit new ATH today just beating out last week, which had set a new ATH above July peak.
No good answers.
No good solutions.
Just do your best.
It will save lives.
Twilio Nuzzles Old HighsEveryone knows about Zoom Video Communications , but Twilio is another cloud-based beneficiary of the coronavirus pandemic.
TWLO has had a trio of positive headlines this month:
10/2: Guidance raised
10/12: Acquires customer-data firm Segment
10/26: Earnings and revenue beat
TWLO has declined along with the rest of the market in the last two weeks. It’s now back around $285. That level was the old peak in August and its consolidation zone earlier this month before it sprinted toward $340. The pullback is also creating an oversold condition on stochastics.
Momentum followers may look for its upward continuation if the broader market stabilizes.
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