So we asked for $PFE to reject at the 200 Day MA and pull back to its 0.618 Fib.....and this is exactly what we got, Wave 2's should come back to this Fib level.
It also gives us an indication that this is Wave 2 too
Many would have sold when the 50 Day MA is lost here but the Fib level is the most important factor.
The price is back above the 50 Day MA now too and the big test now would be to break above the 200 Day MA at $29 and hold above this level.
$PFE has not been able to stay above its 200 Day MA since July '22, so this would be a significant reversal signal if $PFE can hold above $29
$PFE is on watch.
6% dividend too.