CFD Trading – Buy Pfizer Inc. (PFE.NYS) @$48.60. Stop @ $45.40 and Target @ $53.60

Pfizer Inc. Stock Code PFE.NYS


Price broke above the cloud in the previous trading session and the chart outlook has changed from a price correction to a resumption of the bullish trend. A gap created in the previous two trading days reinforces the bullish trend. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. If price can stay above the gap support, we think price is likely to move up to the Ichimoku V shaped price projection at $53.60 in the next 2-3 weeks.


$48.60                Buy

$53.60                Price Target

$45.40                Risk Management Stop

3 weeks              Trade Duration

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