Pfizer: This sell off is nowhere near finished
Pfizer has been getting pushed like crazy on CNBC by fund managers like Josh Brown as a good buy and after looking at the charts above its very easy to see why. Wallstreet pricks like Brown are trying to offload their last remaining shares on unsuspecting retail buyers.
As you can see in the first chart on the daily timeframe, Pfizer is below the 200 and tried 3 different times to get above it and failed. In the second chart on the monthly timeframe, Pfizer is now below the 200 on the Monthly and is now consolidating, the last time this happened was back in 2009 and after consolidating below the 200 for 3 months, it tanked 50% for 15 months in a row, from $22.50 down to just under $13 a share. Pfizer will not be a buy for a long long time
NYSE:PFE