DOW JONES OVERVIEW: PFIZER HOLDS 10-YEAR TRENDPfizer is doing pretty well on long term perspective
Price has tested and held the 10-year trend, by falling to 10-year uptrend border (at 30.5) during August selloff, then bouncing back up from it
Price is also currently restoring its 5-year trend, however it is yet to trade above the 5 -year uptrend border at 33
Nothing stops the price from trending upwards - it is showing now short term trends (trading within 1-st standard deviations from 1-year and quarterly means)
PFE
pfizer pitchfork arriving median linefrom technical point of view pfe is in a down heading pitchfork
arriving to the median line (which is also multy pivot line)
the second time is not a good sign but there
might be a temporary support in this area
not recommended for long of course but for short with destination around 27 $ based on closing
beneath the median line