PFIZER (PFE) BUY STRATEGY TA SCENARIO IDEA

20 Jan 2022

I made a personal TA on PFE using FIB retracements to define when to buy the current pullback reversal.

PFE is currently in a very clear uptrend an its previous pullbacks "reversed" at aroung 50%-61.8% FIB so i think that this current pullback is going to reverse at around 50%.

Before buying:

• Check Rsi bounceoff and SMA positionning to form a support
  
• Check if EMA's are likely to cross (strong uptrend)
  
• Dont wait to buy at exactly 50% fib level, price may reverse earlier and you miss the dip/opportunity, or you miss a lower dip at around 61.8%
  
• If price drops further down, may be a sign of a trend reversal !
  

!! This is not investing advice, you shouldn't (At all) follow my buy setup, this is a personal TA which may differ from yours.

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20 Jan 2022

Nota

If you have any suggestions for a different scenario feel free to comment ↓↓↓