Pfizer has completed a bearish butterfly pattern and will likely decline.
The first downside projection is Fibonacci .618, which is the rising 89 day moving average.
Second down side projection is $31.
The phase energy (top indicator) has turned red and is drifting lower. This will probably result in a negative zero line crossover.
Vortex (middle indicator) is turning negative, with red over green. The relative strength (top indicator) is weak.
The Ichimoku Cloud is lower today than last September.
The alligator jaws (far right at about $35) are closing, indicating a change in trend.
I hope this has been helpful and informative. May all your trades go well. Don.
The first downside projection is Fibonacci .618, which is the rising 89 day moving average.
Second down side projection is $31.
The phase energy (top indicator) has turned red and is drifting lower. This will probably result in a negative zero line crossover.
Vortex (middle indicator) is turning negative, with red over green. The relative strength (top indicator) is weak.
The Ichimoku Cloud is lower today than last September.
The alligator jaws (far right at about $35) are closing, indicating a change in trend.
I hope this has been helpful and informative. May all your trades go well. Don.
