Source: PaxForex Premium Analytics Portal, Technical Insight
Pfizer reported early positive results for a potential coronavirus vaccine that it is studying in partnership with BioNTech in a Phase 1/2 trial in Germany. Pfizer is working with BioNTech on four potential vaccines through a program called BNT162, which includes one of the most advanced candidates, BNT162b1.
Pfizer, H4
Pivot: 37.25
Analysis:
Provided that the asset is traded above 36.95, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 37.25
- Take Profit 1: 38.45
- Take Profit 2: 39.30
Alternative scenario:
In case of breakdown of the level 36.95, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 36.95
- Take Profit 1: 36.30
- Take Profit 2: 35.25
Comment:
RSI shows an uptrend during the day.
Key levels:
Resistance | Support |
41.10 | 36.95 |
39.30 | 36.30 |
38.45 | 35.25 |
Pfizer, D1
Pivot: 37.66
Analysis:
While the asset is traded above 36.10, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 37.66
- Take Profit 1: 40.10
- Take Profit 2: 41.10
Alternative scenario:
If the level 36.10 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 36.10
- Take Profit 1: 34.50
- Take Profit 2: 33.50
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 35.05 and 35.38 respectively).
Key levels:
Resistance | Support |
43.10 | 36.10 |
42.10 | 34.50 |
41.10 | 33.50 |
We also advise you to pay attention to Apple for intraday trading:
Pivot: 373.95
Analysis:
While the asset is traded above 368.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 373.95
- Take Profit 1: 400.00
- Take Profit 2: 420.00
Alternative scenario:
If the level 368.00 is broken-down, follow the recommendations below.
- Time frame: H4
- Recommendation: short position
- Entry point: 368.00
- Take Profit 1: 350.00
- Take Profit 2: 332.00