$PFE
Added 2024-05-10 04:41:12 +0000 UTC$PFE has so far been holding on the blue support level which has been a support level since 2013.
We are still waiting for a high higher to be made and a higher low to confirm that this will reverse next.
On the Daily chart, the price is above the 50 Day MA but on the weekly chart, we can see that $PFE is still comfortably below its 50 MA and considerably below its 200 MA.
We also can not rule out a test of the yellow historical support line at $22.
I had a look at the RSI on the weekly chart and there are signs that it has bottomed and it is starting to drift higher now, lets wait for the impulse wave to confirm this.
Comments
I think this is the main reason why $22 is still on the table…it’s hard to imagine they’ll get away from any lawsuit
Gareth Neary
2024-05-10 06:08:53 +0000 UTCWhat’s your thoughts on PFE regarding AstraZeneca pulling their Covid vaccine from the market due to adverse reactions? PFE doesn’t exactly have a clean history of the way it’s conducted business over the years. Wonder if they’ll be next?
Johnnyboy
2024-05-10 06:03:30 +0000 UTC
