$PFE

6 thg 1, 2022

Breakout zones:
$55.7
$55.34

Bull PT:
$56. 05
$56.84
$57.58

Bear PT:
$54.87
$54.27
$53.5
$52.73



PFE, as of right now is fairly flat.

However, taking note of the 1HR, this is a previous chop zone before the run on 12/15. PFE chopped here for two days before the consolidation drove the price higher.

If we take a closer look at the 1HD something seems off, im noticing a top and if we take the 12/13-12/14 chop its a formed a shoulder in this area.

Now, to confirm that bias we take it to the D. This would prove the hypothesis correct. PFE is too top heavy and now in its correction.

The daily shows an ugly H/S, dangle how is that a H/S. Not everything is symmetrical. lets take a look at our indicators.

AO, double top or "twin peak" working its way down now.

RSI , showing us divergence to the downside. very healthy. there is a little "curl/tail" however we are fairly neutral but still leaning to complete this pullback.