$PFE is making another attempt at breaking out of its wedge now, this is also a test of the 0.887 Fib from below at $30.50.
So far $PFE is not showing that there any concerns of another Covid Wave coming as the share price has not broken out yet of this very long decline and it is the 1st of December tomorrow.
Let's see how the share price reacts at this trend line now, if there is a break out, I will want to see a very firm retest of the trend line to confirm a break out, $PFE has had a number of fake breakouts all year and for me, it can not be trusted unless we get confirmation of support.
So wait for a breakout and retest before considering a position.
ksims2
2023-12-01 21:36:42 +0000 UTC