$PFE
Added 2023-06-26 17:03:53 +0000 UTC$PFE struggling today as it decided to focus on one drug, instead of 3 in its fight with $ILY and $NOVO for market share of a fat fighting drug market....these pills have gain popularity over the last few months. I am struggling to see how a pill can stop a bad diet but many people will buy into this craze if they think they will lose weight.
$PFE focusing on one drug instead of 3 different ones it has developed has not gone down well with the market today, as $PFE struggles to build momentum after increasing its debt to buy another company.
I have added in the long term chart here for $PFE so we can all see the big picture.
We wanted $PFE to hold the 0.618 at $39 and it has not done this, so we are looking at the 0.78 Fib now at $34 to hold.
Like every Wave 2 pull back, we look for Fib levels to hold, if the level we want does not hold, we go to the next one for potential support.
If $34 can hold, I will be adding to $PFE.
