PFE broke out of a long consolidation and, on the weekly chart, cleared the 2022 anchor level, and looks headed toward around 32, the anchor from its 2021 peak. He bought after the breakout, partly for the 7% dividend, and now holds only a small position.
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Pfizer has risen better than I expected. That was actually last Tuesday and oh, was it only then? Okay, nice, yes. Yes, Brian predicted that Pfizer breakthrough.
What did you see in Pfizer? What made you excited? Did you get in? what do you think of Pfizer? What led you to invest in this stock?
That reminded me of Pfizer, in which I did not yet have a position at that time . I find Pfizer quite interesting. I have been keeping an eye on it for a while, because it was in a consolidation and has now broken through that consolidation .
This is a weekly chart. This here is 2000, early 2005. If you go back to the peak of 2021 and set an anchor point there, we can perform a transfer here. We have broken out just above the 2022 anchor point .
And it now looks like it is heading towards the level of around 32 , which is the anchor point from the 2021 peak.
It was actually more of a casual remark, because the company pays a dividend of 7%. I ended up buying some after all, and I only have a little bit of it left.
What this channel has said about $PFE
Brian Shannon has 2 calls on this stock; only the adjacent ones are shown.