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PFIZER

Pfizer Analysis. 3 reasons to watch.Hello Everyone, I hope you all had a good start to the New Year. Pfizer (PFE) has been in the news a lot recently due to their vaccine. There may also be a few reasons to keep an eye on their stock price. 1) Support/Resistance- PFE ended the year with a pull-back. The price is currently being supported around $37. Price has hit resistance at $37 three times since May 2020. Price broke through the resistance in Nov 2020 and appears to be forming a new support in this range. 2) Fibonacci Retracement- This support/resistance area ($37) also coincides with a 61.8% retracement from the most recent low from Oct 2020 (see attached chart). Price has not closed below the 61.8% retracement as of writing. 3) MACD Divergence- Looking at the MACD/price chart, the MACD is diverging from the price. Hidden Bullish Divergence formed on the price chart/MACD at $37. This may further prove price has found a new support at $37. I would personally like to see a close above the 50-day EMA prior to entering any trades so I will continue to watch closely. Thank you for reading and please do your own research before trading
NYSE:PFELong
by pofseur
1
Sentiment heats up and the hysteria of retailsA long-run trend channel have clearly showed that the increase section have been demonstrated. And in line with the Fibonacci retracement theory, the 0.618 of local high is 37.21, which has been recorded. It is the time for $PFE to corresponding the market sentiment. Disclaimer: Nothing contained in this idea and analysis should be construed as investment advice. Past performance is not necessarily indicative of future results.
NYSE:PFELong
by Shewutrade_Insights
NYSE:PFE Pfizer stock price forecast, Buy Breakout, Target 68.45Pfizer (NYSE: PFE) Trade : Buy Breakout Entry : 42.84 Target : 68.45 (25.61, +59.78%) Stop : 37 (-5.84, -13.63%) Posted on Sunday, December 13, 2020 Note : Pharmaceutical stocks are drawing attention in connection with the COVID-19 (Coronavirus disease 2019) vaccine. Pfizer is one of them. There is no COVID-19 vaccine yet that everyone recognize the efficacy, and it is not known how long it will take. In other words, the prices of pharmaceutical stocks related to the COVID-19 vaccine could not be assured. Pfizer stock prices fell after hitting the resistance line of 42.84. If they strongly break out that price line again, it would be a sign of rise. In that case, the next resistance(target) could be 56.12 and 68.45. If the pharmaceutical market is very strong, we may see 99 or so. It would be better to find opportunities to buy when its stock price breaks out 42.84.
NYSE:PFELong
by Ptrade
6
MRNA Blow Off Top ConfirmedMRNA broke out of $100 hitting $178 within 4 days on high volume and multiple gap ups. This is significant evidence of a blow off top. Afterwards, we printed a daily bullish engulfing pattern then corrected upwards for 5 days before printing another daily engulfing pattern. The target is $100, which completes the blow off top move and the 1.618 extension of the Wave A move. Blow off tops have sharp moves and just as sharp reversals. I'd expect to see $100 by next week.
NASDAQ:MRNAShort
by adriel.arrasmith
9