PFIZ34 trade ideas
Pfizer: Strong Sell Opportunity.PFE continues to underperform on the long-term and under the recent fundamentals the pressure on it is growing. The Bearish Megaphone on 1D (RSI = 33.977, MACD = -1.120, ADX = 56.370) has printed a bearish continuation sequence that extends at least towards the 27.90 Support.
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PFE Analysis Weekly Chart
White Spinning Top
Possible Morning Doji Star Reversal
Symmetrical Triangle (Bearish Under 32.58)
Daily Chart
Symmetrical Triangle (Wide Swings)
Bearish Momentum (Candlesticks Weak)
Bullish Divergence
RSI Consolidating since 06/11
2 Gap Fills 37.58 & 35.89
4hr Chart
Falling Wedge
Bullish Momentum
Bullish Divergence
Compressing as we get closer to Weekly Trend Line
PFE Analysis Weekly Chart
White Spinning Top
Possible Morning Doji Star Reversal
Symmetrical Triangle (Bearish Under 32.58)
Daily Chart
Symmetrical Triangle (Wide Swings)
Bearish Momentum (Candlesticks Weak)
Bullish Divergence
RSI Consolidating since 06/11
2 Gap Fills 37.58 & 35.89
4hr Chart
Falling Wedge
Bullish Momentum
Bullish Divergence
Compressing as we get closer to Weekly Trend Line
LONG // PFE // US STOCKSTrade Safe! Don`t be greedy!
Take care and place small trades! If necessary, I will place more long trades at this asset! All new information or recommendations I will post on the comment section of this idea!
In my opinion, this stock is at a good opportunity and has good potential for the stock price to go up!
PFE Long, 60M Fib 0.5 Retracement and Demand ZoneFib 0.5 retracement
Demand zone is not confirmed yet.
Estimate: Gap Up (G1) above the demand zone
Earning will not affect this trade.
Entry: 33.5
Stop: 32.5; Below Demand zone
Target: 36.5; risk/reward=1:3
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.