Today we'll analyze the Stock PFE for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 23.26$ (02/01/08) to 20.50$ (03/28/08) a 2.76$ move
2- The current bullish trend started from 20.50$ at 03/28/08 and is currently trading at 21.35$.
3- The stock current support level is at 21.15 which is the 23.60% fibonacci retracement of the last 2.76$ move.
4- The stock current resistance level is at 21.55 which is the 38.20% fibonacci retracement of the last 2.76$ move.
5- According to ADX, the trend is currently bearish, which is getting stronger.
Short term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 20.5 and 22.19, resistance between 23.26 and 23.69, the channel is currently supported from below by 20.331 and resisted from above by 21.97.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 24.06 and 24.92, and is currently resisting at 22.4356.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 24.92 and 26.64, and is currently resisting at 22.4356.
Conclusion:
PFE was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .
Resistance Levels: 21.55, 21.88, 22.21, 22.44, 22.44, 23.26, 24.01, 24.97.
Support Levels: 21.15, 21.15, 21.03, 20.92, 20.82, 20.50,.
We Moved!!
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Monday, April 7, 2008
Pfizer Inc. (PFE) Technical Analysis
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Shadi
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