Pfizer Stock Analysis (PFE) - Potential Breakout with Support and RSI Divergence
Based on the information provided, we can craft an analysis of Pfizer stock (PFE) suggesting a potential breakout opportunity with underlying support and bullish RSI divergence. However, it's crucial to remember that this is not financial advice, and you should always conduct your own research before making any investment decisions.
Technical Indicators:
New Higher Low: This signifies a potential reversal in the downtrend, indicating buyers are stepping in at lower levels.
Monthly RSI at 30: The Relative Strength Index (RSI) dipping below 30 suggests the stock is oversold, potentially hinting at an upcoming price reversal.
Fibonacci Retracement Support: Identifying support at the previous low using Fibonacci retracements adds technical credence to the potential breakout.
Interpretation:
The combination of these indicators paints an interesting picture. The new higher low and oversold RSI suggest a potential buying opportunity, while the Fibonacci support level adds a layer of technical confirmation. This could indicate an impending breakout from the downtrend.
การซื้อขายยังคงดำเนินอยู่:
A Volatility Contraction Pattern (VCP) is forming here, holding the 8 EMA with strong support... could move in this range for a few days .
การซื้อขายยังคงดำเนินอยู่:
Just an update an clarify the trade... I'm long term into this trade ( years) considering the Dividend yield at 6% vs 4.75% in high yield savings accounts.
I'm using both time frames daily and monthly charts, to make my analysis and decisions, saying that I added more shares today.
I'm using both time frames daily and monthly charts, to make my analysis and decisions, saying that I added more shares today.
การซื้อขายยังคงดำเนินอยู่:
Nice move so far today, couple of comments:
So far price has move above the 21 EMA ($27.61) very positive if it can close & hold above it this week. Next move will be re taking the 50SMA ($28.08).
Just remember this is a long term play.
So far price has move above the 21 EMA ($27.61) very positive if it can close & hold above it this week. Next move will be re taking the 50SMA ($28.08).
Just remember this is a long term play.
การซื้อขายยังคงดำเนินอยู่:
Stocks still in consolidation range, I just added to my position this morning
การซื้อขายยังคงดำเนินอยู่:
Looks we will testing previous low, before a reversal hug volume this week..... added more shares today.
การซื้อขายยังคงดำเนินอยู่:
Added more this morning -tested previous low and bouncing back. selling $25 puts could be a good play here as well.
การซื้อขายยังคงดำเนินอยู่:
Very positive price action so far. Yesterday we made a new 52 week low, with a higher RSI value compare to previous low's RSI - divergence- this might suggests a potential bullish reversal. Patience is the key, as big boy will try to shake you out and grab your shares.
การซื้อขายยังคงดำเนินอยู่:
$27.85 is my next target ( 50 SMA) expecting a test to this level with few fake break outs and resistance in the next weeks until earnings.
การซื้อขายยังคงดำเนินอยู่:
Good price action today on
PFE
, stock was able to clear the $27.85 ( 50SMA) resistance level and closed the gap that existed from Dec 13th. Next target will be $30 and a confirm support of the 50SMA in the next weeks.
PFE
, stock was able to clear the $27.85 ( 50SMA) resistance level and closed the gap that existed from Dec 13th. Next target will be $30 and a confirm support of the 50SMA in the next weeks.
I will keep adding on red days, while it consolidates.