Pattern: PFE broke out to the long side of the wedge on pretty decent volume.
Edge: The stock was in a squeeze (red dots in the Squeeze indcator) and the squeeze fired (green) the same day it broke out of the wedge. Healthcare stocks have been strong in this weak market, so we are looking for continued strength if the market stays weak, and even bigger strength if the market rebounds.
Risk Management: Entered at $44.86 with a stop loss below the 50 day moving average ($43.75). PT1 is the 1.272% extension and PT2 is the 1.618% extension from the high to the low of the wedge.
Edge: The stock was in a squeeze (red dots in the Squeeze indcator) and the squeeze fired (green) the same day it broke out of the wedge. Healthcare stocks have been strong in this weak market, so we are looking for continued strength if the market stays weak, and even bigger strength if the market rebounds.
Risk Management: Entered at $44.86 with a stop loss below the 50 day moving average ($43.75). PT1 is the 1.272% extension and PT2 is the 1.618% extension from the high to the low of the wedge.
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.