Buying PFE calls in May.If price returns to March's high, then I'll begin looking to purchase call options as close to the 36 strike as possible. These calls will expire June 1.
4PFE trade ideas
PFE is Proof Today is a Bad Day for the Stock MarketFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, PFE recently came out with news that they are working towards a Covid19 vaccine by October. They were already on a mostly bullish run until recently. That being said, the chart patterns were already indicating positive. The fact that they didn't rally and sentiment analysis didn't push it the same way Moderna did when it came with similar news stories, leads me to believe that today was obviously a bad day in general for the stock market.
Pfizer -PFE - Technical and Fundamental AnalysisTechnical Analysis:
Wait that the upper resistance line will be broken before buying.
The prices are in a sideways trend, theoretically they should resume their previous trend (uptrend) breaking the top resistance dotted line.
Fundamental Analysis:
Pharmaceutical giant Pfizer (NYSE:PFE), which is working alongside German drugmaker BioNTech (NASDAQ:BNTX) to develop a coronavirus vaccine, says it should have initial data from its stage one clinical trial in mid-to-late June.
Still room available to go long on "PFE"
"PFE" looks like is on the way to finalize the wave 5. So we still have room to go long at least to target previous January high.
PFE going up to $39.5 areaPFE is going up in my opinion. PFE needs to break out of this 42 day trend if it can do that you can stack up better gains on top of the short-term gain. PFE is neither overbought nor oversold which is a good thing when you want to buy a stock. If it breaks out of the 42 day trend it could go up to $45
PFE: $40 Threshold Crossing Potential + >$45 Price & lrg SpreadFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, the market today and tomorrow doesn't look so bright given the DOW drop and the expected negative Federal Reserve announcement coming tomorrow. That being said, it is best likely to trade late Thursday or early Friday in my opinion. I expect realistically that Pfizer will soon pass the $40 threshold, and it it does, it may even rally to the $45+ price point as a short.
EMA 200 as an stable support It seems that the bad earning results couldn't brake the support on Exponential moving average 200. It wouldn't be very risky it will keep working until a new scenario appears with an effective medication or vaccination for Covid.
PFIZER INC is to payHEY traders, PFIZER is at the end of a bullish configuration, possibility that it will fall but in the direction of rising again.
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