PFE Ascending Triangle LongNYSE:PFE looks like it's currently in an Ascending Triangle, which could possibly break out once it hits support at the low trend line. I predict it could reach 42, although would recommend selling before that.
WARNING: I am not a stock expert and am just learning technicals and chart patterns, if you like this idea and would like to replicate it please use fake money to test out this strategy.
PFE trade ideas
PFE LongWeekly Chart for long term
Downtrend Channel breakout + retest
Uptrend trendline as support
Entry 37
Stop 34.5
target: 44;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Pfizer again, plus some Boeing and BrexitAfter the US elections, the focus of the markets shifted to the pandemic and news from the world of vaccines. So the news of the day again was the information about the final results of the COVID-19 vaccine trial from Pfizer Inc.
Recall, according to preliminary data, the effectiveness of the vaccine was 90%. Since then, Moderna has announced that their vaccine is 94.5% effective. But according to the final results from Pfizer, the effectiveness of their vaccine is 95%.
Most importantly, since testing is complete, Pfizer is about to apply for a US emergency acceptance. According to Pfizer, the vaccine committee meeting will take place in December. That is, about a month remains to wait until an officially approved and effective vaccine appears on the shelves.
But do not forget that it will be months (rather quarters), before its widespread use begins and a turning point in the pandemic takes place.
US regulators intend to allow the Boeing 737 MAX to fly again after a nearly two-year pause. As a reminder, this aircraft was Boeing's most financially successful until two fatal crashes in 2018 and 2019. But given the scale of the crisis in the airline industry and its rather bleak prospects, the news failed to trigger a steady rise in Boeing's stock.
Note that just a few days ago Bill Gates said that according to his forecasts, after the pandemic, the number of business trips will decrease by more than 50%. Before the pandemic, it was business travel that accounted for half (!) of US airlines' revenues.
It is reported that France has agreed that its fishing rights in UK waters will be limited after the end of the transition period on 31 December. Note what exactly is one of the most serious obstacles on the way to a Brexit deal.
PFE Pfizer retracement completed. Buy opportunity?I warned you about the retracement in the last post:
Look, it`s not trading advice, but the retracement of Pfizer seems completed and now it`s ready for another leg up!
They`ve invented the most important vaccine of out time, let`s not diminish their merits.
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.
Long towards 50NYSE:PFE
Bullish sentiment followed by a rejection around 37 last friday shows positive sentiment for investors to shift towards vaccine.
Support at 38 seems to be forming.
Future support at 40-41 is in clear sight.
No reason not to miss this opportunity for a long position.
Holding a position at 37, aiming to take half profit at 48 and hold the remaining.
PFE PFIZER INCNote to myself, is not investment advice
We can see that, PFE break channel for downward than turned itself into a flag.
After a while, it is possible to see Cup-Hande formation. But not today.. Now we need to wait about break some Fibonacci levels, if break flag.
AFTER FLAG FORMATION
Stop loss: 37,26
Target 1: 39,49 (short-term)
Target 2: 42,66 (mid-term)
Target 3: 46,7 (long-term)
PFE - Elliottwave analysis - ABC zigzag downPFE - After huge up move of vaccine news, it just dropping down. The drop was more like a wave A and B wave is in progress as abc zigzag and expected to finish near 39.50 or slight higher. Stay bearish within that zone for target below 36.65 as initial gap price or even lower.
Give thumbs up if you really like the trade idea.
PFE Vaccine Hope UPDATEHello my friends, me again
After this wild week, I wanted to update my previous PFE chart to scale the week ahead from a TA perspective.
After the large run up we saw on Monday, I was certain we were making a break for it but the news came out that Pfizer CEO pawned off a large portion of his shares which brought overall price down. I still held my bullish mentality as the vaccine is our only glimpse of hope to get back to normal. We began to form a classic bullish flag as we descended downwards, but overtime it developed into a classic falling wedge pattern, as noted in blue (1 hour). We are breaching back over the top of the ascending triangle (yellow) which I previously deemed as a large support price which I believe should hold given the market stabilizes next week. In the background, you will notice a square grid pattern going on. This pattern is a combination of a Fibonacci retracement (up and down) and a Fibonacci time zone (left and right). I know many of you use the Fib retracement so I won't explain that, but the Fib time zone is quite uncommon so I will explain. The Fib time zone shows when price has potential to change in trend created off a previous swing in price. If viewed on the 1 hour, you will see that we just entered a new time zone which immediately jumped in price. I believe we will continue the run up not only through the 5th time zone but also steadily through the 8th time zone as well.
Overall, I remain bullish PFE.
TL;DR:
-Positive trial 3 news = bullish
-CEO sells off shares = bearish
-Ascending triangle breakthrough (Yellow) = bullish
-Falling wedge (blue, 1 hour) = bullish
-Fibonacci retracement = Closed above, bullish
-Fibonacci time zone (1 hour) = Entered 5th, bullish
-MACD = Still bullish
-RSI = Recent heavy oversell, bullish
Feel free to add anything else/dispute what I have said. I am here to learn like the rest of you!
PFE sell CALL 38(covered call 41) 13 nov $.35 pro: got a confirPFE sell CALL 38(covered call 41) 13 nov $.35
pro: got a confirmation daily drop froim weekly
supply 38. so taken the entry after observing
the dosi candle and then next day price
dropping.
risk:( 41-38 = 300$)
max gain=35$
5oct2020
expiry day: 8
PFE all time high $50.03This is just too easy to be long the company that single handily changed the entire dynamic of the stock market the past 2 days. Pfizer coronavirus vaccine bnt162b2 has over a 90% efficacy at preventing infection. I’m going to go out on a limb here, but wouldn’t you think Pfizer is worthy of hitting it’s all time high of $50.03 in the near future? I’d say it’s more probable than not. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action
Volume average
Trend momentum
Current events
Revenue & Earnings
Debt / Cash
Book value
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO
Lack of planning & discipline
Forgetting restraint
Repetitive errors
7 Important tools:
Trading View app
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Brokerage UI
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
www.tradingview.com
PFE Pfizer GOING LOWERFrom the chart, there are 2 things that concern me :
1 - The bearish cross on the CMF (Chaikin Money Flow Indicator)
Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. Money Flow Volume is a metric used to measure the buying and selling pressure of a security for single period. CMF then sums Money Flow Volume over a user defined look-back period. Chaikin Money Flow's Value fluctuates between 1 and -1. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities.
2 - The market gaps
There is still a gap at $34 and market gaps are usually filled. Not even to mention the huge gap that had just occurred after the news of a successful vaccine candidate.
PFE has exhibited high volatility during the past few months and each high is always followed by a huge sell of. It's like PFE just can't get ahead.
That being said, if you're looking to buy PFE (because viagra isn't going anywhere), I'd be counting on the market gap at $34 as an entry point.
Please support me by hitting like,
wishing you successful trading!
Best Regards,
Ev