PFizer D1 Global EpidemicPfizer is one of the largest pharmaceutical groups in the world. Its shares showed good growth dynamics during the quarantine period. And this is logical. During the global epidemic, medicines sold very well and the company received good income. After the quarantine restrictions were lifted, the shares sank. But recent events in the US offer new growth prospects. The epidemic in the country came out of control. Compliance with the quarantine regime during mass protests is practically impossible. The number of cases is increasing every day in the country. Pfizer is an American manufacturer and its products are very popular in this country. The current situation creates a need for the company's products. And it will be an incentive for stock growth.
1PFE trade ideas
Pfizer D1Pfizer shares have very good prospects for growth. After high volatility during quarantine, stocks made quite a small rollback. But the situation with the corono virus is likely to begin a new cycle. New outbreaks of disease are emerging in the United States and other developing countries. In America, the situation is generally out of control. Riots on the streets provoke an increase in people's contacts with each other. And this situation causes high disease rates. In large cities around the world, according to statistics, an increase in diseases is also noticeable. Because the company Pfizer is a manufacturer of pharmaceuticals, now you can not do without it. Moreover, this is an American manufacturer, and the United States is now the main focus of disease.
Pfizer: Strong Sell Opportunity.PFE continues to underperform on the long-term and under the recent fundamentals the pressure on it is growing. The Bearish Megaphone on 1D (RSI = 33.977, MACD = -1.120, ADX = 56.370) has printed a bearish continuation sequence that extends at least towards the 27.90 Support.
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PFE Analysis Weekly Chart
White Spinning Top
Possible Morning Doji Star Reversal
Symmetrical Triangle (Bearish Under 32.58)
Daily Chart
Symmetrical Triangle (Wide Swings)
Bearish Momentum (Candlesticks Weak)
Bullish Divergence
RSI Consolidating since 06/11
2 Gap Fills 37.58 & 35.89
4hr Chart
Falling Wedge
Bullish Momentum
Bullish Divergence
Compressing as we get closer to Weekly Trend Line
PFE Analysis Weekly Chart
White Spinning Top
Possible Morning Doji Star Reversal
Symmetrical Triangle (Bearish Under 32.58)
Daily Chart
Symmetrical Triangle (Wide Swings)
Bearish Momentum (Candlesticks Weak)
Bullish Divergence
RSI Consolidating since 06/11
2 Gap Fills 37.58 & 35.89
4hr Chart
Falling Wedge
Bullish Momentum
Bullish Divergence
Compressing as we get closer to Weekly Trend Line