PFE Pfizer Daily Chart; Oversold; Falling Wedge; Positive Divergence Developing; Lower Band Violation

Pfizer lowers its expectations for the take-up of the Fall COVID-19 vaccines so PFE drops -1.3% to begin the week. MRNA collapses -9%. The covid pandemic is now endemic and most Americans understand it is like the flu and only a real threat to older folks and those with ongoing health problems. People are not worried and will not bother with the covid vaccine. As Alfred E Neuman and Portugal the Man say, "What, Me Worry?"

PFE stock topped out at 58 in December 2021 almost 2 years ago and falls to 33 a -43% crash. Perhaps they have drugs to offer to ease the pain. The smart money was in the stock on the run-up when covid vaccines were all the rage but took profits through 2022 and this year sending the stock into the cellar.

MRNA topped out at 497, call it 5 hundo, in August 2021, before Pfizer topped-out, and collapses to 95 last month (now 104) a -81% crash. That is ugly.

Putting the negativity to one side, the PFE chart is actually setting up for a rally on the daily basis. The falling wedge is bullish and the RSI and stochastics are oversold agreeable to a bounce. All the indicators are positively diverged, however, over the last day or few, the RSI and MACD are soggy. Make sure they positively diverge, perhaps today, and you can call the bottom in Pfizer, on the daily basis. Price violates the lower band so the middle band at 35+ is on the table.

The PFE weekly chart is possie d across all indicators so she is set up for a multi-week rally ahead. Best to let a couple few days play out and watch it but PFE is close to a bottom and start of a recovery run that can produce some profits on the long side. The 2-hour chart is set up with possie d. Watch that RSI on the daily chart to make sure the bottom is in. Keystone does not own PFE long or short right now but will look to play it as a long trade going forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 9/20/23, Wednesday Evening, at 7:00 PM EST: PFE daily chart is possie d and ready to rally. Traders appear to have given up on the stock and the new COVID-19 vaccine rollout is botched once again by the incompetent government and medical authorities. PFE loses -1.1% to 33.62 now 33.58 in the afterhours. MRNA pukes -3% and is down -10% this week. The PFE 2-hour chart is setting up with positive divergence across all indicators although it would be preferable to see 33.50. Nonetheless, Keystone will probably buy PFE long tomorrow morning for a quickie trade. PFE is loaded-up with fuel and on the launch pad of the 2-hour and daily charts.

Note Added 9/21/23, Thursday Morning, at 9:53 AM EST: Bot some PFE.

Note Added 9/23/23, Saturday: PFE 32.69. Stock market tanks so all tickers are soggy.