Pfizer Could Have a Huge Move Up in OctoberThis post is related to my 8/30/20 "Peace is at Hand" post.
Two weeks ago Pfizer (PFE) announced they were expanding testing for Coronavirus vaccine which could come as soon as October.
This ties in with the many hints from US president Trump about having a vaccine before the US elections.
Watch the support/resistance levels in the coming weeks. PFE comes up with a vaccine in October - the move up could be HUGH!
Mark
PFE trade ideas
PFE : Not moving up, Why?PFE is a strong candidate for covid-19 vaccine and ahead in race. #Trump announced "Vaccine will be available soon". Then what is stopping #PFE for moving up? As I mentioned in chart $36 to$39 price range is a strong resistance. I'm waiting for breakout.
What do you think about this idea?
Feel free to ask any questions regarding this idea. Like and comment on this idea for encouragement.
Thank You!
PFE - buy support zones analysisHello traders,
Description of the analysis:
PFIZER ( PFE ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Pfizer's possible leg upPfizer is showing strenght, with nice inverse head and sholders and cup & handle formation. As going in to the vaccination period, any positive news can boost the move. Not at least Pfizer pays nice dividents (in case of long term hold). SL below 200 SMA and at least 2 x ATR 20. TP at recent highs. RR: 1:3,5. Let's se how it works out.
PFE - 10.55% Profit Potential - Bull FlagBull flag formed, out of a bullish pennant breakout.
Target price set at new Resistance bounce.
- Strong Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $39.03
Suggested Stop Loss $37.77
Target price $43.12
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.