albert.callisto
Long

Pfizer - Deal is dead, breakout from channel

NYSE:PFE   PFIZER INC
44 0 2
PFE / Allergan inversion deal got its last nail in the coffin and is past history now. From technical point of view, the price broke out from an ascending channel , we take the first oscillation height (in pink) as a rough guideline for defining the next target. This target area is matching SSB             and Kijun levels seen in the past as well, especially the flat cloud level at Fall 2015 around 32.5.
Comment: http://www.telegraph.co.uk/business/2016/04/06/pfizer-to-terminate-160bn-merger-with-allergan/
Trade closed: target reached
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