The Long Investor

$PFE

Added 2023-04-20 10:45:31 +0000 UTC

$PFE has pulled back aggressively since hitting $42 but for now, I am not too concerned about this. The structure is looking like a leading diagonal, where the waves overlap each other. This snapshot is on the 1hr but for the overall structure, the 0.618 and the 0.65 Fib lines are on the chart here at $39.88 and at $38.76, these are important support lines, particularly the 0.618 Fib, where it has held here 3 times already on the chart, this is an important area of support I will be watching.

I like $PFE's fundamentals, I like it as a hedge against an economic downturn, they are in every country in the world, the world will always need their drugs and they are quite influential on government policies, some people may have their views against them but let them work for you.