Solid News

Pfizer Inc.,Technical Analysis

8/11/2022 11:08 AM

The shares of Pfizer Inc., the largest US pharmaceutical company, correct below 50.00.

A global corrective trend is forming on the daily chart of the asset. The price is clamped within the Triangle pattern with dynamic boundaries of 46.00–53.00, and, given the length of the last wave of the formation, the moment of implementation will not come soon.

On the four-hour chart, the local decline continues after reaching the pattern's resistance line at 53.00, with the target at the support line at 47.00. Given the duration of the formation of this pattern and the number of internal waves, the probability of reaching the lower limit is extremely high.

Technical indicators have recently reversed downwards: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram forms downward bars in the sell zone.





Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742


Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2022 SolidECN.com