$PFE - WATCHLIST -
Added 2024-07-15 11:14:40 +0000 UTCOk we have a wedge breakout and a breakout above the 200 Day MA which is what we have been waiting for over the last 6 weeks.
Price has not retested the 200 Day MA just yet so you have not missed anything yet if you have not already bought.
We also want to see a higher high above $29.77 too, so a higher high or a retest of the 200 Day MA at $28.60 and hold, should encourage you to start a position.
I have been doing some research into $PFE lately and it looks like they are not giving up on pursuing a GLP drug for fat loss, their current drug is expected to be used orally but it is has a long way to go to pass through its three phase trials, so any investment here is a speculation on future earnings....and as value investors, we should be ok with that.
So we have a pullback in June to the 0.618 Fib
A bounce out of a wedge
and 200 Day MA
and showing signs of reversing and an impulse wave
dividend is also 5.8%
This should be on everyone's watchlist at the moment
