On this trade i am not expecting much as this is a trend continuation trade could see some volume but i like to trade reversals more than this Waiting for breakout to short this trade with take profits @ Flag Notice:For this trade only put less amount of money that u normally put on all trades
PFIZER is in an uptrend on daily but with a big bearish divergence on 4h. I'm expecting a deeper correction before a possible strong wave up. The breakout of long term rising trendline invalidates this setup.
PFE is set to drop to at least sub-30s prior to earnings. This 10.14% drop off its recent high around 32.94 on April 6th will be a great short opportunity. Looking for 85% movement on put positions for this change.
We have a retest of a pretty important level at 29.31. The price will probably bounce off this level giving us an opportunity to buy.
Opportunity to sell, let's check with a mid SL.
Forming Descending Wedge w/ Hidden Bullish Divergence in MFI
Pfizer 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 -...
A good retest of old resistance, new support. Nice candle on the hourly.
from 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