Pfizer in Bullish BaseOur thoughts and prayers go out to US President Donald Trump and First Lady Melania Trump for a rapid recovery of the Coronavirus.
This is an update to my 9/26/20 Pfizer post. Since then the daily MACD has had a bullish crossover and the Histogram has gone above the zero line.
Ever since President Trump announce "Operation Warp Speed" to develop a Coronavirus vaccine before the end of 2020, he has hinted several times that the vaccine could come before
the US election on 11/3/20.
During the 9/29/20 US Presidential debate President Trump stated a vaccine could come in a few weeks.
My guess is if the vaccine is ready, the announcement could came on 10/22/20 - Twelve days before the US election. In 1972 Henry Kissinger made his "Peace is at hand" announcement
twelve days before the 1972 US election.
Now could be the best time to buy Pfizer (PFE). If they are the company that develops the vaccine, it could be too late to buy after after the announcement.
Mark
PFE trade ideas
PFIZER BULLISH VISIONBy waves of eliot we have corrective wave # 2 finished at 50 of fibo, with wave # 3 in process.
Possible rounded soil formation in weekly chart.
In daily charts we see an inverted hch (healthy) formed on the 50 weekly fibo, which would activate after breaking the 40usd (previously it already exceeded this maximum, which indicates weakness of the level).
In H1 charts, we see how the price wants to form a possible double bottom, which if it activates and meets its projection at 39.50usd, it would be activating the hch.
Pfizer is one of the companies with the best market capitalization, with more than 200 billion dollars, it ranks 3rd among the best valued pharmaceutical companies in the world, above industries such as Bayer, Sanofi and Novartis. In addition to being the largest drug store in the United States.
In conclusion, we expect a breakout of 40usd per share to go long on this asset.
To keep in mind, they can take profit at 42.50 which is consistent with the 78.6 level of the last strong bearish momentum.
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 : 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.