US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
PFIZER: a big triangle
2020-10-02 • Updated
On the daily chart of Pfizer, we see a clear triangle being formed. It starts in March with the virus when the stock was at $28. Then the price went upwards – twice. And twice it was sent back down by the resistance of $39. Now, if the pattern keeps coherence, then we are likely to see the third upswing, another bounce downwards, and then a breakthrough beyond $39. The apex of the triangle is pretty for away though as we are looking at a daily chart, so don’t expect any breakthrough – as per this triangle pattern – earlier than in December this year. Fundamentally, this “plan” is quite feasible as the vaccine is expected in the end of Q4. So watch the news and keep your eyes on Pfizer stock.
Similar
US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Coinbase and Marathon. Instruments of the Week (18-22 March)
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
