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albert.callisto
Mar 13, 2016 10:29 AM

Pfizer - Take the bull pill Long

Pfizer, Inc.NYSE

Description

Pfizer is now slowly getting out of the area defined by a descending wedge. The Kijun is providing support at 29.50 as well as the upper side of the wedge. The lagging span is right against the Tenkan and with a break we would see the lagging span trying to reach the Kijun. For a bullish indication on this stock, we wait for a full cloud breakout with a good support at 30.50. There was an attempt to reach the cloud back on 26th Feb but bulls stopped just below 31, we may see new tentatives next week if market is optimistic.
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