PFE to take off soon
Updated
PFE Pfizer made a classic reversal and is now in retraction before next move up.Is a long-mid time trade, anyway you will have around 6% dividends on your way as reward for waiting.
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... looks like it decided to start immediately ... I am already long since wolf, so look for to enter the trade yourself ...
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so far so good. The next months heavy guys will reload the money from Fantastic7 (to many good assumptions must happen to reach forecast) to real stock with real value and they will go up 40-50%.
PFE one of.
Cross fingers, folks, and donating to freedom fighters of Ukraine and Belarus.
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Last week so many excellent stocks received a fairy discount that PFE is not in the top10. This is my main explanation why PFE is missing the power for up currently.
Frankly, I decreased my PFE position @ 30$ (in favour of Stellantis), but this idea of PFE is still OK.
Price of PFE will probably go nowhere until mid September. If it jumps meanwhile down to around 26,9 - 26,2$ I would consider selling in addition to your position already in hand same amount of put options strike 26$ - December24 - for around 1,6$
In this case until 01.01.2025 you will have some PFE for 24,4$ or 160$ premium for each option. If your broker doesn't allow you to sell options you have the wrong broker.
Warning: Your overall expectation to outperform the S&P500 in the long run is 1%. Your money is much more safe in a bank account, your time is better spent with family.
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Yesterday's break out was boring. I opened a position short (with risk well managed) expecting the price to drop to around 26,8 something. I tend to step in too early so next couple of days could be a better opportunity for you.
Suppose, it can stay 26-27$ until middle of November.
...somehow not enough money in the stock market, good stocks dry out under true value...
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OK, currently we try to make some money on a pull back. Price is on the right way, the buyer seems to have not much energy.
Today I expect we close the day at 28,5 something.
Next week we could move forward to zone 27,5 - 27 - 26,8$ where we are going to stay for a while I think.
May be we reach even 25,9 witch our ICT fans will like because we will touch a breaker and possibly return to our main path of this trading Idea.
WARNING: ICT doesn't work, technical analysis doesn't work, news dont work, nothing works, noone who does teaching knows how to make money, your broker is cheating, your money is better invested as a bank deposit. Save your time, leave trading now. )
Note
... activist buy or passivist buy - no matter.
The candle from yesterday made the spirit of PFE angry and it could be we have even more reason to dive deep.
The whole idea is at risk now because it turns into something different from the initial idea we started from, is slightly becoming a different structure.
This opinion can be a mistake. Manage risk if you can't leave now.
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So far so good... A lesson to the greedy: don`t make the spirit of PFE angry with your greed and don`t forget that the stock exchange is for capital allocation and not to make lazy people with no aducation rich.
Trading in this zone is usually unprofitable. Keep delta negative (short).
In two weeks around 27,25??
Trade closed: target reached
I stop following this idea, from a movie it turned into serial...
As result we had one long and one short, both OK.
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