SamSuka
The Long Investor
The Long Investor

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$PFE - WATCHLIST -

$PFE hit resistance at its 200 Day MA and is pulling back now, so the white fib levels have been added to show where the pull back can come back to in order to qualify as an impulse wave.

A pull back here, holding at the 0.618 Fib would be considered Wave 2 complete.

The 50 Day MA is also between the 0.5 - 0.618 Fib levels too, making this a confluence level.

If support can be held here....this would be worthy of starting a position, especially with its very attractive 5.5% dividend and the possibility of it being the start of an impulse wave.

I will continue to watch closely.

$PFE - WATCHLIST -

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