SIDCapital

PFIZER SHORT Trading Plan

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NYSE:PFE   Pfizer
EU states back spending up to $2.7 billion upfront on COVID-19 vaccines however,EU officials said the bloc would not buy vaccines produced exclusively in the United States, which includes PFIZER, fearing that would delay supplies to Europe.

Hence, I expect the share price will dip further.

Key Trading Plan:

i) SHORT when it reaches the pull back price at 34.98 and it breaks support level at 32.87 before reaching target Take Profit point at 28.28.

ii) LONG when the price breaks the resistance level of 36.89 with the target Take Profit point at 39.33

Author:
S.I.D. Aizu

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