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Pfizer Inc., Technical Analysis

10/26/2022 11:36 AM

Shares of Pfizer Inc., a US pharmaceutical company, are correcting slightly above 45.00.

On the daily chart, the price is approaching the previously implemented global Triangle pattern with dynamic boundaries 48.00–50.00, rising towards the support line.

On the four-hour chart, it can be seen that the upward dynamics consolidate within the local Head and shoulders pattern, the Neckline of which is around 44.00, and the target for processing this signal is 48.00, which coincides with the support line of the global Triangle pattern.

Technical indicators are ready to reverse and issue a buy signal: fast EMAs on the Alligator indicator have come close to the signal line, and the AO oscillator histogram is forming upward bars in the sell zone.

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