Updated: Mar 14
Last Thursday an interesting dip popped up: Pfizer Inc!
I know, we all desperately want the pandemic to be over, additionally, there is a war going on. Unfortunately, Corona Virus cares neither about our feelings nor about politics.
Specifically, sub-variant BA.2 is on the horizon:
Politicians are assessing if a 4th shot will be necessary. From my point of view (not a doctor), it seems not only plausible, but even probable.
Let me cite from investors.com:
"Pfizer and BioNTech are working on an omicron-specific booster that could launch in March. The U.S. is also considering a fourth dose of the original booster, though a study from Israel suggests it doesn't prevent omicron cases. The companies plan to make 4 billion doses of their original shot in 2022"
Let's look at an other assessment from CNN Business:
14 analysts say "hold", 11 say "buy".
The below chart itself looks promising - dip detection was very robust and we see an upward trend for both lower and upper resistance lines. The lower resistance line (green) was confirmed 6 times, 7 times if you count the current touch.
In a bad case scenario, the price could swing down to -12% before it reaches the first support. However, I see three positive scenarios within the next 6 months:
- following the lower resistance line and gaining 10%
- retracing towards the middle trend line and gaining 22%
- exaggerating towards the upper resistance line (red) and temporarily gaining 33%
Those speculations are absolutely in the realm of the possible since we’ve seen those prices already.
I hope you liked this quick review of the current situation of Pfizer, Inc.
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Remember, this is only a starting point to do your own analysis.