PFE - A Multi Time-Frame Analysis.Hello investors! Today I’m going to talk about PFIZER, the only stock I own that is giving me some loss . I think it’s still worth to long it, and here’s my reasons.
We see a triangle in the hourly chart, and an upwards breakout would be more desirable than a downwards because there’re less resistances than supports. Also, take a look at the daily chart:
There’s a flag here! And if the price breakout from it, PFE will trigger a pivot (green lines). I know, the volume is low, and yes, it bugs me, but it’s a trade with a great risk/reward relationship! Now, you wouldn’t still be here if you didn’t find this analysis interesting, right? In this case, please, support this idea and follow me to keep in touch!
Now, let’s take a look at the weekly chart:
We are close to a trendline, a natural resistance for the price, but with all the good signs, I think it’s still worth. I’m long here since May 15, along with TSN, HCA, CMSCA, ITUB and TWTR, I posted about them in my social media, check it there! Also, I hold XP and LB, and I posted their analyses here, the link to them are below.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
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* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
