Inverted head and shoulders pattern with forceful break of the neckline. Profit taking and retracement to successfully test the neckline. November tested the prior back end support and LIS at $35.25 area. A nice hammer or bullish harami showed that more buyers stepped into the stock last month.
Last week saw a successful test of support at the $26.75 LIS.
J hook pattern formed with retracement as buyers took profits with the nice run up from the $25.00 low. Look for test of high and higher.
Sunday, December 03, 2006
PFE Analysis 12.03.2006
Posted by TraderZ at 12/03/2006 11:23:00 AM
Labels: PFE
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment