PFIZER D1The UK is the first country in the world to approve a coronavirus vaccine from Pfizer and BioNTech. The vaccine will be available nationwide from December 7th. The authorities have already ordered 40 million doses of the drug. Since for the vaccine to be effective, patients need to be given two injections, the drug will last for 20 million people, The Guardian notes.
The first to receive the vaccine will be Britons with an increased risk of infection - first residents and staff of nursing homes, then other citizens over 80 years old and then healthcare workers. Mass vaccination for people over 50, as well as young citizens with chronic diseases, will become possible with the receipt of more doses of the drug in 2021.
Pfizer and BioNTech also filed applications for their vaccine on November 20 with the US Food and Drug Administration and on November 30 with the European Medicines Agency. If the approval of the American regulator is received, the use of the drug in Europe could begin as early as December. The cost of one dose of the vaccine for EU countries will be 15.5 ($ 18.34) euros, Reuters previously reported.
According to the test results, Pfizer and BioNTech estimated the effectiveness of their vaccine at 95%. Of the 170 volunteers who tested the drug and contracted the coronavirus, 162 received a placebo and only 8 were vaccinated with the candidate vaccine.
PFE trade ideas
PFEWith Pfizer being one of the current leaders in the Covid vaccine race, the European Medicines Agency is projected to approve the vaccine within the next month. Potential for a major push from PFE these upcoming weeks when announced. If it is able to break above the 37.20 line, expect trend to go upwards.
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 LongWeekly Chart for long term
Downtrend Channel breakout + retest
Uptrend trendline as support
Entry 37
Stop 34.5
target: 44;
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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.
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