$PFE also reports tomorrow before the market opens and the set up is there but they need to deliver in this report, no flaws, no blemishes, just a solid positive trend and reassuring the market that the worst is behind them.
Price has retested the 50 Day MA today and made a higher low above the 0.618 Fib too, so the setup could not be more perfect to move up Wave 3 with a positive earnings.
However if it is weak and $26 is not held, then there is a move down to the blue line at $25 again and a challenge on holding a lower low.
Dividend is still 6.5% here
So I don't believe they will increase the dividend but I do believe a share buyback program here would go a low way.