$PFE is due to report shortly before the market opens.
The set up is certainly there and we have a higher low and higher high recently too
What's most interesting is that we should be moving into Subwave 3 now, and the target is always the 1.618 Fib....and the 1.618 Fib is aligning perfectly with the blue line at $25.15 right now.
So the market knows the significance of this target and a positive trend and clear beat and the price should be returning to this level.
$PFE does have a habit of reacting the opposite of what you would expect after earnings but after a few days the trend becomes clear.
The downside risk today would be a retest of the 0.78 Fib again at $21.83.
+7.5% Dividend right now