Pattern: PFE broke out to the long side of the wedge on pretty decent volume.
Edge: The stock was in a squeeze (red dots in the Squeeze indcator) and the squeeze fired (green) the same day it broke out of the wedge. Healthcare stocks have been strong in this weak market, so we are looking for continued strength if the market stays weak, and even bigger strength if the market rebounds.
Risk Management: Entered at $44.86 with a stop loss below the 50 day moving average ($43.75). PT1 is the 1.272% extension and PT2 is the 1.618% extension from the high to the low of the wedge.
Edge: The stock was in a squeeze (red dots in the Squeeze indcator) and the squeeze fired (green) the same day it broke out of the wedge. Healthcare stocks have been strong in this weak market, so we are looking for continued strength if the market stays weak, and even bigger strength if the market rebounds.
Risk Management: Entered at $44.86 with a stop loss below the 50 day moving average ($43.75). PT1 is the 1.272% extension and PT2 is the 1.618% extension from the high to the low of the wedge.
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.