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Wednesday, 14 November 2018

Technical Analysis of Pfizer (NYSE: PFE): 14 November 2018, Wednesday, 7.37pm Singapore Time


Technical Analysis of Pfizer (NYSE: PFE): 
14 November 2018, Wednesday, 7.37pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Chart Technicals for famous drug-maker Pfizer (NYSE: PFE). Pfizer is currently for short-selling. Pfizer is demonstrating a bullish rounding chart pattern, but it had been seeing funds outflow and had flipped into a short term funds outflow stock while bullish chart pattern was being formed. This is when funds flow on the stock takes priority over technical analysis. Expect retailers in the market to be killed (brilliant set-up). Expect $41.50 support to break down. Take profits of shorts after $41.50 breaks down. There is a good chance Pfizer would like to back-test the mid point of 50MA and 200MA or at the deepest -- 200MA as backtest of support.


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