Pfizer Pfizer Pfizer where do i start? over the past month Pfizer has been on an uptrend. good news bad news omicron covid etc. this thing just keeps going and i do not think it’s done. i have been scalping this over the past two weeks and on Friday we closed on an inside bar on the 30-minute window which we can see is a period of consolidation. i think Pfizer break outs from here. i am typing my ideas after a long 10-hour shift so I will try to just list out my indicators and why i say it will break out from here. also, i am a beginner so bear with me.
- I use Wyse trade fib retracement between .618 and .50 for confirmation on entries. using this fib from that gap down on the 21st shows us that we have a solid entry for calls here. that paired up with the 9ema touching the inside bar that we closed with on the last trading day gives me more conviction to go long on this trade.
- also, Pfizer pill is now a thing so that’s even more bullish if that works.
- to get more technical price bounced back to the 58.70 level which is a newly formed level of support over the past week coming off all-time highs.
- using the tradingwarz fib retracement after the price came back to support the apparent uptrend that was coming, shorts tried to short this down again to break support but that didn’t happen. the fib shows us that we fell a little under the .78 on the 30 min chart.
- considering that we are on this same type of scenario now I think that a price target following the fib we could see mid 62 or even 63s this week on Pfizer let’s see how this plays out.
- I use Wyse trade fib retracement between .618 and .50 for confirmation on entries. using this fib from that gap down on the 21st shows us that we have a solid entry for calls here. that paired up with the 9ema touching the inside bar that we closed with on the last trading day gives me more conviction to go long on this trade.
- also, Pfizer pill is now a thing so that’s even more bullish if that works.
- to get more technical price bounced back to the 58.70 level which is a newly formed level of support over the past week coming off all-time highs.
- using the tradingwarz fib retracement after the price came back to support the apparent uptrend that was coming, shorts tried to short this down again to break support but that didn’t happen. the fib shows us that we fell a little under the .78 on the 30 min chart.
- considering that we are on this same type of scenario now I think that a price target following the fib we could see mid 62 or even 63s this week on Pfizer let’s see how this plays out.