SUMMARY
The great monolithic Pfizer (PFE); the KING of pharmas...has a phenomenal bullish potential! The chart below shows the initial skyrocketing of PFE in five waves and then the massive ABC (red) correction that coincided with the financial crisis of 2008. The recovery thus far has not put in a new all time high. Could that be possible? Do you see a pattern? Can you visualize it?
That pattern I see is a MASSIVE, multi year Inverted H&S. Check out the chart....wow! Volume also confirms! Once the neckline (horizontal white) gets breached; minimum price target shows to be $63.30! For a behemoth like PFE to double is just amazing!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
