$PFE - Downtrend Reversal - 4 Day Inside Bar - Upcoming Catalyst

PFE

A hammer signaled reversal for PFE. Shortly after price broke out of the downtrend resistance. Four inside bars have formed during period of consolidation.

PFE looks primed for sharp movement. Catalyst would likely be FDA / CDC approval/rejection of its Covid vaccination for children, expected in 4th week of Feb. Application is for 2 doses, though 3 would be required. Application and study for 3rd shot are expected to be submitted during the initial application review phase.

This is one ticker to be aware of.

Biased long, but willing to play both sides.