Are Covid Stocks Coming Back?If there is any hope for the S&P right now it may very well come from the healthcare sector with mega blue chip Johnson & Johnson.
JNJ has managed to put in consecutive higher highs and higher lows on the weekly, and now also is confirming support on the .618 fibonacci level at $165.40.
However, there appears to still be much selling pressure at just above $168, so don't be surprised if we continue to see consolidation for another a week or two before getting the confirmed breakout above our red resistance line at the aforementioned $168 price level.
If resistance at this level is broken, we will be seeing a possible retest of blue sky all time highs for the healthcare giant JNJ.
In the meantime, I am liking the idea of small longs along the .618 ($165.40) area as long as the upward sloping green trend is not violated.
PFIZER
PFE Pfizer short term Price TargetWith the new Covid-19 Delta Variant which is more contagious than the other virus strains the question is if you want to get vaccinated or get COVID-19.
PFE Pfizer has a great vaccine, a decent P/E Ratio (TTM) of 20.34, pays Forward Dividend & Yield of 1.56 (3.89%) and it is not at all time high like MRNA for example.
Expected sales from vaccine in 2021: $15bn-$30bn
My short term price target is 44usd.
i`m looking forward to read your opinion about it.
OCGN "variant stew"Alot going on in this chart but bear(or bull) with me.. 100MA being tested, broke above trend line and alot of confluence occuring all at once while the "Variant" is the big talk of the days.
Quite a bit of upside here if good PR comes out on OCGN. Otherwise we could see this get swatted right back down under the trend line and below the 100MA. My calls are in for a solid risk reward play here.
Trade safe and have fun! SMASH that like button and let me know your thoughts in the comments!
MRNA Moderna vs PFE Pfizer | Head and Shoulders patternIf you haven`t longed Moderna with me from here:
Then you should realize that the head an shoulders pattern on descending volume of a company that worth 53.402B, but has 747Mil negative earnings for 2020, may lead to $100 per share.
On the other hand, undervalued, it`s Pfizer , which has the same amazing results with the vaccine, lots of medicine in the portfolio, a market cap almost 4 times higher, 198.973B and positive earnings of 9.62Bil. The pay also great dividends, btw, 4.38% DIV YIELD on a decent 20.82 P/E ratio .
If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
PFIZER: Covid's Decision !On PFIZER , H1 timeframe price is around a critical decision zone, so what can we expect here:
1. Global Recover: If the fundamentals are positive, then the chart will be bullish and we will go into the 1st scenario where price continues to trade inside the channel until it reaches the resistance zone were we can look for sell setups.
2. Failure: Unlike the first one, the price hasn't broken aggressively yet the resistance where it's standing, so it can move downward into the zone, trade there for a couple of days since it doesn't have great volatility and goes down bearishly to reach the support. This scenario can be imagined if the global reaction to the vaccine remain negative or any unprecedented medical issue happens.
Until then, Trade Safe and Best of Luck !
MacroForex
It is finally time for PFE?After many years of consolidation is PFE finally got "star" fame?
Like we can see monthly chart it's almost close to make a beautiful reversal Head and Shoulder chart for strong push up on fundamentals wings.
As pandemic subside and hope that Covid-19 pass through behind ours backs, forward P/E and revenues is strong on PFE side, so buy area will be good setup for as the Redditors would say "PFE to the moon" haha...
Thank you very much for reading, if you see that this chart is interesting and feel free to press like and comment, every comment is welcome :)
NYSE:PFE
Breakout if it holds above 130.As you can see from the chart, the RSI is oversold, which means one thing. Breakout season! Now you have heard me say this all the time but a breakout is coming! You can see on every time the RSI has oversold, it has led to all-time highs or breakouts of their patterns. Brace yourself because i bet we are gonna breakout either this month or March and if it breaks below, expect to see support levels at 128,126 and 123. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!