With EUR/JPY, there are several technical observations that we may put to practical use and demonstrate some important basics of technical analysis. Let's get going.
Pfizer: a stock to buy now
2021-01-15 • Updated
Traders often ask “how do I know the right moment to buy”. A local low in a large uptrend – that’s when you buy. Pfizer’s stock price performance gives a perfect example on the daily chart below.
Here is how the story goes. At the end of 2020, Pfizer resulted to be the main vaccine producer. Its stock soared above $40 – twice. After that, it dropped to the area at $36 undoing all the gains. Why?
First, the market stopped being emotional. Having a vaccine is perfect but it doesn’t solve the problem of the virus – not yet.
Second, Pfizer’s CEO said the earnings in 2021 are probably going to be less than expected. The market got disappointment, the price cooled off. Standard story.
Nevertheless, in the long run, the company seems to be a good bet. At least, from the commercial point of view: it’s planning to increase the production of the vaccine to meet demand. That makes it a potentially good buy, in general.
Therefore, there are valid reasons to expect this stock to get up to $43 again. When? Extending the trend below says a couple of months may take it. It may be sooner, of course, but you don’t go with optimistic projections all the time, do you?
Now, just to make it more clear: the video below explains in more details the abovementioned elements. Watch it, and act on it!
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- First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
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- Start trading!
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