4PFE trade ideas
PFEWith Pfizer being one of the current leaders in the Covid vaccine race, the European Medicines Agency is projected to approve the vaccine within the next month. Potential for a major push from PFE these upcoming weeks when announced. If it is able to break above the 37.20 line, expect trend to go upwards.
PFE Ascending Triangle LongNYSE:PFE looks like it's currently in an Ascending Triangle, which could possibly break out once it hits support at the low trend line. I predict it could reach 42, although would recommend selling before that.
WARNING: I am not a stock expert and am just learning technicals and chart patterns, if you like this idea and would like to replicate it please use fake money to test out this strategy.
PFE LongWeekly Chart for long term
Downtrend Channel breakout + retest
Uptrend trendline as support
Entry 37
Stop 34.5
target: 44;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Pfizer again, plus some Boeing and BrexitAfter the US elections, the focus of the markets shifted to the pandemic and news from the world of vaccines. So the news of the day again was the information about the final results of the COVID-19 vaccine trial from Pfizer Inc.
Recall, according to preliminary data, the effectiveness of the vaccine was 90%. Since then, Moderna has announced that their vaccine is 94.5% effective. But according to the final results from Pfizer, the effectiveness of their vaccine is 95%.
Most importantly, since testing is complete, Pfizer is about to apply for a US emergency acceptance. According to Pfizer, the vaccine committee meeting will take place in December. That is, about a month remains to wait until an officially approved and effective vaccine appears on the shelves.
But do not forget that it will be months (rather quarters), before its widespread use begins and a turning point in the pandemic takes place.
US regulators intend to allow the Boeing 737 MAX to fly again after a nearly two-year pause. As a reminder, this aircraft was Boeing's most financially successful until two fatal crashes in 2018 and 2019. But given the scale of the crisis in the airline industry and its rather bleak prospects, the news failed to trigger a steady rise in Boeing's stock.
Note that just a few days ago Bill Gates said that according to his forecasts, after the pandemic, the number of business trips will decrease by more than 50%. Before the pandemic, it was business travel that accounted for half (!) of US airlines' revenues.
It is reported that France has agreed that its fishing rights in UK waters will be limited after the end of the transition period on 31 December. Note what exactly is one of the most serious obstacles on the way to a Brexit deal.
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.
Long towards 50NYSE:PFE
Bullish sentiment followed by a rejection around 37 last friday shows positive sentiment for investors to shift towards vaccine.
Support at 38 seems to be forming.
Future support at 40-41 is in clear sight.
No reason not to miss this opportunity for a long position.
Holding a position at 37, aiming to take half profit at 48 and hold the remaining.