$PFE - 3 Day Inside Bar - Broke out of Downward Channel

3 thg 2, 2022

PFE has a 3 day inside bar after breaking and holding above trend resistance of the downward channel (see weekly chart).

Hammer on 1/24 signaled the potential reversal.

Key resistance just above high on the mother candle. Will need to break that resistance for a continued uptrend.

As always, confirm the move. Interesting setup.

Options Flow shows only 53% Bullish, with 2/18 and 3/18 $55 Calls with the most volume.