$PFE continuing down this tightening wedge right down into the corner, which just so happens to finish where $PFE have their earnings report on the 1st of August. This will also bring the price action down to the 0.78 Fib, which is lower than our standard Wave 2 pull back but for me, this is more of a reason to believe that this is undervalued.
I will be adding under $35 and I am watching for $34 to be the lowest level here, it is an confluence level that I simply can not ignore.
PE: 7
FWD PE: 11
PROFIT MARGIN: 31%
ROE: 31%
ROI: 25%
Fundamentally, this is a steal at this price.
Jimmy J.
2023-07-08 00:17:26 +0000 UTC