$PFE sure looks pretty

27 juil. 2020

This is the prettiest chart i've seen this month. It seems to be respecting geometry well. Let's begin at the first impulse wave on 3/23-4/28. After that, PFE went through a distribution period through the month of May. It broke down from there to a correction wave (falling wedge) then broke out to another impulse wave. It looks like the beginning of the 5th wave might play out on earnings!? This is definitely one to watch tomorrow. I would love to enter at 37$ if it's possible. The 42.86$ resistance is from a prior high. Nonetheless this seems like a 5 point move post earnings. We'll see how it flows tomorrow....

28 juil. 2020

Trade fermée: cible de profit atteinte

I made a 70% return on this and now I'm moving on to another trade. Will keep watch for credit spreads.