TMO to 560 by end of 2020?TMO has moved into slightly shorter cycle in November, which is not usually the ideal set up I like. But, this is a solid company and shows no reason to break down.
Based on the shorter cycle, I expect double-bottom to be formed roughly between December 1-4. Watch for the W.
TMO bounced off the 100MA and has formed a bullish sign with a dragonfly doji on Nov 27 trading session. This suggests it would likely run up to test 460, before a minor pullback possibly, and then bounce again off the 100 MA to jump back into it's trading channel.
Green trend channel: This has been TMO's trading channel since March 2020 until Nov 2020. Why has the stock taken this upward channel since March 2020? Look into their earrings reports over the last two quarters and the significant positive surprise in their EPS . Moreover, TMO is a major part of the COVID-19 support infrastructure, providing testing, partnering with leading vaccine pharmaceuticals (including Pfizer).
Purple trend channel: The stock has traded in this channel since Nov 2016 - 10 March 2020. You notice a big green candle on 6 July as TMO bounces into the green channel and doesn't test back into the purple channel ever since. I don't believe, since the context and the importance of the company in the treatment and testing of covid that TMO will re-test the purple channel anytime soon (if ever).
Entry: Taken a small position on Nov 27 @ 446. Will increase position once cycle prediction is confirmed by Dec 1-4.
Target: 560 by 31 December 2020
Good Lick!
PFIZER
PFE Pfizer retracement completed. Buy opportunity?I warned you about the retracement in the last post:
Look, it`s not trading advice, but the retracement of Pfizer seems completed and now it`s ready for another leg up!
They`ve invented the most important vaccine of out time, let`s not diminish their merits.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
PFE PFIZER INCNote to myself, is not investment advice
We can see that, PFE break channel for downward than turned itself into a flag.
After a while, it is possible to see Cup-Hande formation. But not today.. Now we need to wait about break some Fibonacci levels, if break flag.
AFTER FLAG FORMATION
Stop loss: 37,26
Target 1: 39,49 (short-term)
Target 2: 42,66 (mid-term)
Target 3: 46,7 (long-term)
The Most Important Levels for XAU After The Vaccine AnnouncementIn this technical analysis I will go over all the most important horizontal zones for Gold and explain what you need to look at while the market is closing over the weekend.
After a lot of news about the elections, and then the Pfizer vaccine news, the price of gold has moved a lot and showed great volatility. This creates fantastic opportunities for traders, which is why I am looking at gold now at more depth. There are very nice trading possibilities here, so let me walk you through the most important horizontal zones right now so that you can construct your own set-ups as well.
Horizontal Support Level I
The support zone here at the bottom of the chart is at the beautiful level of $1,850. A level not just strong based on the confirmation of price reversal that we have witnessed here. It is also important based on the psychological importance of being at an exact round number.
I decided not to chart any additional support zone on the chart, as I consider the price of gold extremely low at the moment. After coming from an all-time-high we have seen a bearish movement. But after the massive dump on the 9th of November, I only see it going upwards from here.
Horizontal Resistance Level I
Given that I chart this idea based on the bullish scenario of a long position, I suggest looking at this area for a solid take profit level. I see two main options for taking profit, one is to leave the trade near the resistance line of the descending parallel channel, and the other is to hold until the first level of resistance.
Horizontal Resistance Level II
Horizontal Resistance Level II is a more aggressive place to hold gold to and take profit. When we look at the height of the price just before the massive dump on the 9th of November, we see another small peak that could turn into resistance too.
Therefore, instead of holding to say ~$1,980, instead I suggest holding until ~$1,960 instead.
Horizontal Resistance Level III
This level is so far off the current price of gold that I would not suggest to use it for any trade set-up. Especially since this is a high volatility period, so many things can happen soon. I would suggest to enter relatively shorter trades to make sure you are able to update the chart often to include the latest information.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
PFE Pfizer GOING LOWERFrom the chart, there are 2 things that concern me :
1 - The bearish cross on the CMF (Chaikin Money Flow Indicator)
Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. Money Flow Volume is a metric used to measure the buying and selling pressure of a security for single period. CMF then sums Money Flow Volume over a user defined look-back period. Chaikin Money Flow's Value fluctuates between 1 and -1. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities.
2 - The market gaps
There is still a gap at $34 and market gaps are usually filled. Not even to mention the huge gap that had just occurred after the news of a successful vaccine candidate.
PFE has exhibited high volatility during the past few months and each high is always followed by a huge sell of. It's like PFE just can't get ahead.
That being said, if you're looking to buy PFE (because viagra isn't going anywhere), I'd be counting on the market gap at $34 as an entry point.
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wishing you successful trading!
Best Regards,
Ev
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.
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