4PFE 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.