PFE trade ideas
Pfizer Flag and pole Target AchievedHello ,
I had previously published a Flag and Pole pattern on Pfizer Inc. ( See my previous ideas on PFE )
Just as a confirmation about the nature of technical analysis, today the target is achieved.
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How to find a breakout?!Some additional info:
The broader market is a key player in this game. It needs to be bullish!!
MACD needs to show some momentum and RSI shouldn't be overbought.
At last but not least, pay attention to the volume as well. Big green candle with low volume isn't that bullish at all.
PFE Pfizer short term Price TargetWith the new Covid-19 Delta Variant which is more contagious than the other virus strains the question is if you want to get vaccinated or get COVID-19.
PFE Pfizer has a great vaccine, a decent P/E Ratio (TTM) of 20.34, pays Forward Dividend & Yield of 1.56 (3.89%) and it is not at all time high like MRNA for example.
Expected sales from vaccine in 2021: $15bn-$30bn
My short term price target is 44usd.
i`m looking forward to read your opinion about it.
PFE D1Pfizer shares showed a good upward trend when vaccinations began. Because their vaccine has been recognized as one of the most effective. The company entered into expensive contracts, which became a good incentive for the growth of shares. Today the media are talking about a new Covid stamp. Vaccines have not yet been upgraded, therefore, in this situation, the Pfizer vaccine will also be one of the leading. That will give an opportunity to continue the growth of shares.
PFE D1Pfizer shares showed a good upward trend when vaccinations began. Because their vaccine has been recognized as one of the most effective. The company entered into expensive contracts, which became a good incentive for the growth of shares. Today the media are talking about a new Covid stamp. Vaccines have not yet been upgraded, therefore, in this situation, the Pfizer vaccine will also be one of the leading. That will give an opportunity to continue the growth of shares.