Pfizer Does it Again: Heads Up for the 3rd Straight Day

The Hourly View for Pfizer

  • At the time of this writing, PFE’s price is down $-0.01 (-0.02%) from the hour prior.
  • Pfizer has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Pfizer. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Pfizer’s hourly price chart is shown below.

PFE

The Daily View for Pfizer

  • Currently, PFE’s price is up $0.39 (0.79%) from the day prior.
  • This is the 3rd day in a row Pfizer has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between PFE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PFE’s price.

Below is a daily price chart of Pfizer.

PFE

Featured Pfizer Idea From TradingView

Below is a trading comment entitled Pfizer INC (SELL) you may find interesting:

After several rejections of the trend line and a head and shoulders shoulder, Pfizer breaks the trend line and we expect a very probable fall after a possible pull-back. Stop loss : 52. 40Take profit : 31.37

axelodg