$PFE
Added 2023-09-07 09:54:19 +0000 UTC$PFE has not found the momentum is needs yet, the positive news is that it broke out of the long wedge but the two negatives is that the price could not get above the 50 Day MA and was rejected a number of times here and now the price is heading towards the $34 target at the 0.78 Fib.
So the question is, will this turn around and reverse soon?....my answer is: Yes I think it will.
Sometimes a stock needs to hit rock bottom for a bounce to come and the 0.78 Fib at $34 could by that level.
Holders here need to sit tight for now.....there have been some reports that the Biden Admin may encourage boosters again for Covid, this will likely be a positive catalyst to help $PFE.
