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TradingShot
Dec 9, 2022 10:25 PM

PFIZER Broke above its 2022 Bear Channel!Β 

Pfizer, Inc.NYSE

Description

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Pfizer (PFE) broke and closed today above the Channel Down that has been dominating the 2022 Bear Market since the January 11 High. At the same time the 1D RSI has been ranging and while the 1D MA200 (orange trend-line) held successfully last time, we do expect one last test or for an even more comfortable long-term buy, the 1D MA50 (blue trend-line).

As you may notice, the Fibonacci retracement levels since the All Time High, formed solid Resistance and Support levels during the downtrend, so after the next pull-back our target will by the 0.786 Fib at 57.35.


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Comments
FreshCrypto
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Yeah not touching favor Pfizer with a 10 foot digital pole. That’s one toxic dark money stock πŸ‘Ž
Intraday_Latte
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@FreshCrypto @FreshCrypto the pendulum is about to swing back with a vengeance, many timelines converging. It could be a hard one to catch considering mainstream expectations vs reality and whether things are sealed to mitigate the blowback around disclosure.
im keeping a keen eye on events under the radar, they've got to tap those insulated funds through anser corp, by then the dockets will look a lot less like injury claims and challenges to mandates.
could be a difficult one to catch. short the nwo.
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