Monthly chart shows a bearish consolidation pattern. Price is currently below all key moving averages. Look for more downside movement, with a test of the current low at the $20.30 area.
The weekly chart shows more clearly the corrective nature of the pattern. A break of the current support at $23.30ish will initially target the .786 fib area at $22. Then look for a test of the lows and lower.
The daily chart shows price trending below all key moving averages, with the 34ema as resistance.
Wednesday, August 15, 2007
PFE Analysis for 08.15.2007
Posted by TraderZ at 8/15/2007 05:23:00 PM
Labels: PFE
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