Source: PaxForex Premium Analytics Portal, Technical Insight
The U.S. government recently signed an agreement with Pfizer and BioNTech to order 100 million doses of pilot vaccine. At $19.50 per dose, this is approximately $1.95 billion from vaccine sales.
Pfizer, H4
Pivot: 38.30
Analysis:
Provided that the asset is traded above 38.20, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 38.30
- Take Profit 1: 39.00
- Take Profit 2: 39.95
Alternative scenario:
In case of breakdown of the level 38.20, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 38.20
- Take Profit 1: 36.80
- Take Profit 2: 36.00
Comment:
RSI shows an uptrend during the day.
Key levels
Resistance | Support |
41.10 | 38.20 |
39.95 | 36.80 |
39.00 | 36.00 |
Pfizer, D1
Pivot: 38.35
Analysis:
While the asset is traded above 36.80, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 38.35
- Take Profit 1: 40.70
- Take Profit 2: 41.80
Alternative scenario:
If the level 36.80 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 36.80
- Take Profit 1: 35.10
- Take Profit 2: 34.00
Comment:
RSI is above its neutral area by 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stocks are trading above the 20-day and 50-day moving average (by 36.32 and 35.16 respectively).
Key levels:
Resistance | Support |
43.90 | 36.80 |
42.90 | 35.10 |
41.80 | 34.00 |
We also advise you to pay attention to Apple for intraday trading:
Pivot: 437.23
Analysis:
While the asset is traded above 431.40, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 437.23
- Take Profit 1: 446.80
- Take Profit 2: 450.80
Alternative scenario:
If the level 431.40 is broken-down, follow the recommendations below.
- Time frame: H4
- Recommendation: short position
- Entry point: 431.40
- Take Profit 1: 424.80
- Take Profit 2: 420.80