xtekky

PFIZER (PFE) BUY STRATEGY TA SCENARIO IDEA

Short
NYSE:PFE   Pfizer, Inc
I made a personal TA on NYSE:PFE using FIB retracements to define when to buy the current pullback reversal.

PFE is currently in a very clear uptrend an its previous pullbacks "reversed" at aroung 50%-61.8% FIB so i think that this current pullback is going to reverse at around 50%.

Before buying:

  • Check Rsi bounceoff and SMA positionning to form a support
  • Check if EMA's are likely to cross (strong uptrend)
  • Dont wait to buy at exactly 50% fib level, price may reverse earlier and you miss the dip/opportunity, or you miss a lower dip at around 61.8%
  • If price drops further down, may be a sign of a trend reversal !

!! This is not investing advice, you shouldn't (At all) follow my buy setup, this is a personal TA which may differ from yours.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

If you enjoyed this post and agree with me, a like and a sub would be very nice : )

Stay updated for more content

Have a nice Day : ) Bye!

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Comment: If you have any suggestions for a different scenario feel free to comment ↓↓↓

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.