$PFE
Added 2024-01-30 16:23:09 +0000 UTCReport earnings today with a surprise 4th quarter profit beat of estimates but still down -1% in the market today.
On the chart, the price action is still on the outside of the large wedge its been in for some time now and is working its way through the Fib levels seeking support ....we can see that the 0.78 Fib is aligned with the wedge retest now so this would be an area of interest to see if the Fib level can hold as support
That being said, the price is just holding the 0.618 Fib level right now.....$PFE desperately needs to find support confirmation....and when it does, this could signal a reversal.
$PFE could also consider a share buy back program since they have reduced their R&D spending.
