PFE Pennant breakout imminent?
Hello,
after A-B-C Elliot correction PFE left the downward channel and created a Pennant which seems to be a bullish sign.
Possible breakout to the upside imminent. But beware of the earnings next week. Earnings might invalidate this theory.
But I think thos earning very well could act as positive catalyst too.
TP1: 45$ or +5% @0.382 Fibonacci
TP2: 47$ or +8% @0.5 Fibonacci
This is not financial advice.
after A-B-C Elliot correction PFE left the downward channel and created a Pennant which seems to be a bullish sign.
Possible breakout to the upside imminent. But beware of the earnings next week. Earnings might invalidate this theory.
But I think thos earning very well could act as positive catalyst too.
TP1: 45$ or +5% @0.382 Fibonacci
TP2: 47$ or +8% @0.5 Fibonacci
This is not financial advice.
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