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onionoid69
Apr 6, 2022 11:51 PM

Head and shoulders on PFE Weekly Short

Pfizer, Inc.NYSE

Description

Essentially confirmed HNS on PFE weekly chart. I expect a collapse in the price following a general stock market drawdown (recent spx death cross, yield curve inversion, fed turning off QE in the near future).

My position is Dec 16 puts, target price is 35-32. The thin blue line is the break even line for the contract (assuming IV stays the same).
Comments
simbha
Angular H&S is not considered in technicals. However, given market negativity , trendline break will be negative.
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