I came across Pfizer for the dividends, and noticed a possible pattern here. I am new to this, so constructive critics and opinions are welcomed. I have noted the 200 SMA as well as the 200 EMA. I am curious if the moving average will first be a point of resistance, considering the convergence of the multiple averages. This could possibly push the price further before retesting. It could very well move right on through up to $40 with no issue. Is this a short term uptrend within a long term downtrend?
Thoughts?
Thoughts?