Nov. 22 at 1:46 AM
$PFE: The current market context shows a last close of
$25.04, indicating a stable price above the 30-day moving average (MA30) of
$24.76 and the 50-day moving average (MA50) of
$24.84. The RSI at 53.31 suggests neutral momentum, indicating potential for upward movement without being overbought.
Directional bias leans slightly bullish due to the price being above both MAs and the recent high of
$27.69, which is within reach. The 60-day low of
$23.58 provides a solid support level.
Suggested entry:
$25.10, with a stop loss at
$24.50 to limit potential losses. Target 1 is set at
$26.50, just below the 60-day high, and Target 2 at
$27.00, allowing for further profit-taking if momentum builds.
This plan capitalizes on current momentum while managing risk effectively.
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