dRends35

PFE - Potential Major Top

Short
NYSE:PFE   Pfizer, Inc
My work shows PFE could be forming a major top in this area.

Long tailed dragonfly with a big gaping gap currently.

Target $23 area.

Not advice.
Comment: Also an interesting window: PFE/SPX

Solid trend channel and hidden bearish divergence oversold RSI.

Comment: Fakeout through 200Wma*
Comment: Looking ready to tank.

Comment: Evening hanging man so to speak. This chart likes 3 candle tops on the W chart.

Comment: Blow off top lol. Thats always the risk you take as a short. I'm holding. Will review if it gets to $62 but this should have a severe correction.
Comment: Its a risky hold here but this chart is full of bearish divergences. It will probably overshoot passed fibs. I reduced my potions, will add upon overshoot.

Comment: This will fall I think, but going into a topping pattern and i've gone to sleep with alarms on - still in trade. Nothing has changed.