DoujinStars
The Long Investor
The Long Investor

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$PFE - TOP 10 -

$PFE reported earnings yesterday and although it wasn't clean (revenue slight miss by -1.5%) it was still better than expected and the strong pull back leading up to earnings is likely factored in now.

We added at $21 and the price is testing $24 now in the PM, so we are happy with our buy entry and the impulse wave forming.

Like I said in the last update, the 1.618 Fib aligning at the blue support line is important, I believe the price will move to this level to complete Subwave 3 and then pull back for Subwave 4 as shown.

Completing this subwave count will be a +30% gain, something I would be happy with, but I will look at adding once the blue line is converted back to support, this will likely be after the subwave 5 is complete and we get an ABC pull back.

$PFE - TOP 10 -

Comments

higher low forming on the 0.5 fib retracement level ?

Magopool


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