PFE trade ideas
PFE/USD_WeeklyEven though PFE was rejected from the $41.50 level on the weekly, there's more room to the upside in MHO. Seems to me that there's a little more room to grow, keeping in mind that there may be a major announcement coming soon.
Levels that I'm watching at the moment: $37.20 and $35.20 to the downside; $43.90 to $45.70 to the upside
Classic Cup and Handle formation - bullishFundamentals are lining up for this mega cap biotech. Pfizer, an international household for medicine and vaccines will be the biggest distributor of Covid-19 vaccines. Having the precedence of UK emergency approval, there is only upside for this name as they rollout vaccines to the rest of the world. We see every dip as a buy opportunity.
PFE continue with new HL and set to surge in priceAs you can see from the dark blue line we keep seeing higher lows and prices set to spike because of news that PFE got approved for emergency covid vaccines.
Remember this is only my opinion and you should always do your own before buying a stock as I cannot guarantee that anything I will say to happen.