Pfizer
Short Term - We look to Sell at 53.30 (stop at 55.53)
Price continues to trade within the triangle formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected although we prefer to sell into rallies close to the 53.56 level.
Our profit targets will...
We spiked upwards and the defined range 51-59 even went slightly higher.
Now it is starting to be a clear sell $ 58-65 for medium term correction towards $ 45.
