PFEC trade ideas
Pfizer Inc. Ready to Launch The Rocket 🚀🚀🚀💡 Trade Idea
📈 Buy Limit Pfizer Inc. @ 36.70
🎯 Target Profit 43.08
🛑 Stop Loss 34.80
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was ranging inside a parallel channel near a confluence zone between the daily support and the 61.8% Fibonacci retracement. We have a low volume, but our expectation that it will increase, and this will lead to a breakout of the channel to the upside, and then a huge move to the 43.08 mark.
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Pfizer long confirmedIn addition to the portfolio long on Pfizer will be added as the session starts. Double doji candles and MACD crossover and RSI is rising above 50 are enough as confirmation. I've been tracking PFE since the end of December and now an opportunity to buy stocks of the company has revealed. My target is $44 - $44.80.
Pfizer Analysis. 3 reasons to watch.Hello Everyone,
I hope you all had a good start to the New Year.
Pfizer (PFE) has been in the news a lot recently due to their vaccine. There may also be a few reasons to keep an eye on their stock price.
1) Support/Resistance- PFE ended the year with a pull-back. The price is currently being supported around $37. Price has hit resistance at $37 three times since May 2020. Price broke through the resistance in Nov 2020 and appears to be forming a new support in this range.
2) Fibonacci Retracement- This support/resistance area ($37) also coincides with a 61.8% retracement from the most recent low from Oct 2020 (see attached chart). Price has not closed below the 61.8% retracement as of writing.
3) MACD Divergence- Looking at the MACD/price chart, the MACD is diverging from the price. Hidden Bullish Divergence formed on the price chart/MACD at $37. This may further prove price has found a new support at $37.
I would personally like to see a close above the 50-day EMA prior to entering any trades so I will continue to watch closely.
Thank you for reading and please do your own research before trading
PFIZERWednesday, 6 January 2021
10:55 AM (WIB)
PFIZER is on the way to distributes Vaccines over the world.
After escapes from the huge Descending Channel, Pfizer creates a new Ascending Channel with the best momentum to rise higher from now.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PFE 37: Boring but good Risk/Reward in a dangerous market PFE is an enormously profitable company that is not in fashion with the momo crowd or the new kids chasing sexy names. It is however an A+ company with staying power and good dividend yield, a better alternative to bonds in today's near-zero interest rate. As SPY correction is highly likely, it is perhaps a place to park some cash.
Also, the market has shown some interest in routing into real economy stocks (with real revenue and profit). TGT, WMT, GE for instance.
Technically it has turned upwards, after a sharp and quick sell-off from 43, after all the covid vaccine news. 1st Target is 40.50
To be long around 37 or sell PCS of 37/33. If needed lunch money, one could also sell ATM weekly calls that give out a 2% weekly premium.
This is a plan, obviously not any sort of advice.
Pfizer Pfizer and BioNTech companies have offered to supply 50 million doses of their COVID-19 vaccine to Africa for healthcare workers. The vaccine will be delivered in batches from March to the end of 2021.
Meanwhile, Pfizer had broken through the downtrend resistance line and then tested it. The price moves in an ascending channel and the most pleasant entry point is 36.6 if you know what I mean.
BioNTech
Best regards EXCAVO