$PFE
Added 2024-11-15 12:49:07 +0000 UTC$PFE has not lost its previous low but I suspect it will be under pressure until RFK Jr starts discussing his plans for the health sector
On this chart we can see that the $30 level at the 0.618 Fib has been a resistance and if the lower low is lost at $25.20 then the next Fib support is at $21.81 and this is going to be a strong confluence level with the historical support trend line
I will be holding onto my position because of the 6.3% dividend and will consider accumulating if we touch $21, I like $PFE as a long term hold and I believe we could see 2-3X returns here over the next few years with a very nice dividend
If you are not aligned with my thought process here that is ok, we don't have to be but I am sharing my plan for the next few years here.
Comments
Looks like buyers came in today for PFE
Sid
2024-11-15 21:01:19 +0000 UTCAgree it's definitely a long-term play with so many internal and industry headwinds to fight the next 12-18 months. Worry about the dividend payout ratio @ 200%+. Tough decision to keep paying current rate vs. cutting as part of their larger expense restructure. Will watch this one with interest from afar and wish those holding in this group the best!
Joshua McCabe
2024-11-15 16:23:45 +0000 UTCBig Pharma has a Tough Road Ahead. LABD??
James Athan
2024-11-15 15:28:55 +0000 UTCAnti-vaxxer = good for pharma companies? The man is not all there. That brain worm really did a number on him.
House of Wick
2024-11-15 15:22:33 +0000 UTCagree - would love to start a position with this legacy company at these levels
Daniel
2024-11-15 13:15:57 +0000 UTCAbsolutely same strategy here, I will follow each step
Federico Salerno
2024-11-15 13:05:43 +0000 UTC
