Pfizer (PFE) is moving in a clear uptrend, forming higher lows along the rising trendline.
A good entry level is around $26, where price may retest the trendline before moving higher.
The main target is $30, which represents strong horizontal resistance.
The stop loss at $23 protects the trade, as a break below this level would invalidate the uptrend.
Bias: Bullish as long as price stays above the trendline.
A good entry level is around $26, where price may retest the trendline before moving higher.
The main target is $30, which represents strong horizontal resistance.
The stop loss at $23 protects the trade, as a break below this level would invalidate the uptrend.
Bias: Bullish as long as price stays above the trendline.
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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.
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.