$PFE Pfizer a buy above Trend-line for NYSE:PFE by Bullishcharts

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After many queries from traders on why PFE has stalled,
hopefully this simplifies the TA, its quite simple
that the downtrend and 100ma have converged to
act as strong resistance, until that breaks the stock
remains in neutral.
Indicators are in bullish reversal, so optimism is warranted.

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Comments

so obviously people buy when it breaks resistance in hopes of high? For a newbie like me this makes sense but is there an indicator when to see it making the turn to rise. Like microsoft, apple, dissent. Its pretty confusing haha

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Dougs1125

@Dougs1125, learn Elliott wave Principals and how every wave behaves, their rules and what to expect. It will save you, even when analysts are wrong, you'll know what's up.

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