The RSI indicator seems to work extremely well on predicting future movement for PFE.
Each time the RSI has been under 30, if you would have purchased the stock as it gets back above that threshold you would have seen a nice upward trend in the stock. There has been recently a massive movement on the stock leaving it down massively consecutive to the merger with MYLAN.
There is a clear short term opportunity to position on the stock for a nice rebound. Looking at the fibonaci level if the stock trace back to the 0.5 level there is a short term potential to see the stock up at least 13 %.
I would go long on the stock at the current level and take half profit at 10 % increase and the rest at 13 % level
Each time the RSI has been under 30, if you would have purchased the stock as it gets back above that threshold you would have seen a nice upward trend in the stock. There has been recently a massive movement on the stock leaving it down massively consecutive to the merger with MYLAN.
There is a clear short term opportunity to position on the stock for a nice rebound. Looking at the fibonaci level if the stock trace back to the 0.5 level there is a short term potential to see the stock up at least 13 %.
I would go long on the stock at the current level and take half profit at 10 % increase and the rest at 13 % level