How to find a breakout?!Some additional info:
The broader market is a key player in this game. It needs to be bullish!!
MACD needs to show some momentum and RSI shouldn't be overbought.
At last but not least, pay attention to the volume as well. Big green candle with low volume isn't that bullish at all.
PFE trade ideas
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.
PFE D1Pfizer shares showed a good upward trend when vaccinations began. Because their vaccine has been recognized as one of the most effective. The company entered into expensive contracts, which became a good incentive for the growth of shares. Today the media are talking about a new Covid stamp. Vaccines have not yet been upgraded, therefore, in this situation, the Pfizer vaccine will also be one of the leading. That will give an opportunity to continue the growth of shares.
PFE D1Pfizer shares showed a good upward trend when vaccinations began. Because their vaccine has been recognized as one of the most effective. The company entered into expensive contracts, which became a good incentive for the growth of shares. Today the media are talking about a new Covid stamp. Vaccines have not yet been upgraded, therefore, in this situation, the Pfizer vaccine will also be one of the leading. That will give an opportunity to continue the growth of shares.
Buy on Break-Out - PFE [S] 23 June 2021PFE
Reversal detected after bouncing off support at 38.70
Broke downwards trend on 21/6/2021. Bounced off the long-term bullish trend line.
Showing recovery strength with Green candle and 1st Green Heikin-Ashi on 22/6/2021.
Look for bullish confirmation if 3 White Soldiers on 23/6.
Price action is still moving along the long term bullish trend. Will show strength if 40-ish resistance zone can be broken.
Based on Swing and ATR, Stop Loss can be at 38.04
First Take Profit target at 40.58 (Fib 78.6%), second TP target at 42.77 (Fib 161.8%)
Trend
Monthly: Uptrend
Weekly: Uptrend
Daily: Uptrend
Volume: Decreasing (Diverging againt increasing price)
SMA: Bullish , Showing strength as 50MA is moving away from 200MA
Slow Stochastics: Bullish Crossover on 22 June
RSI: Showing slight uptrend
Wait for good breakout and confirmation at final trading hour
TF1D Break-out at 39.84
TF1H Confirmation: Green Candle
Rating m w d 4h h: SB B B B B