I made a personal TA on
PFE
using FIB retracements to define when to buy the current pullback reversal.
PFE is currently in a very clear uptrend an its previous pullbacks "reversed" at aroung 50%-61.8% FIB so i think that this current pullback is going to reverse at around 50%.
Before buying:
!! This is not investing advice, you shouldn't (At all) follow my buy setup, this is a personal TA which may differ from yours.
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PFE
using FIB retracements to define when to buy the current pullback reversal. PFE is currently in a very clear uptrend an its previous pullbacks "reversed" at aroung 50%-61.8% FIB so i think that this current pullback is going to reverse at around 50%.
Before buying:
- Check Rsi bounceoff and SMA positionning to form a support
- Check if EMA's are likely to cross (strong uptrend)
- Dont wait to buy at exactly 50% fib level, price may reverse earlier and you miss the dip/opportunity, or you miss a lower dip at around 61.8%
- If price drops further down, may be a sign of a trend reversal !
!! This is not investing advice, you shouldn't (At all) follow my buy setup, this is a personal TA which may differ from yours.
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
Stay updated for more content
Have a nice Day : ) Bye!
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If you have any suggestions for a different scenario feel free to comment ↓↓↓
