facebookDo you think the rise in Pfizer's stock prices are sustainable? Just read that UK approved the use of Pfizer's vaccine. Their stocks have been on the rise recently. Thoughts? - Seedly
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Anonymous

04 Dec 2020

Do you think the rise in Pfizer's stock prices are sustainable? Just read that UK approved the use of Pfizer's vaccine. Their stocks have been on the rise recently. Thoughts?

Have you bought into Pfizer yet, or are you planning to buy soon?

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    Discussion (7)

    What are your thoughts?

    Dont buy on hype. Don't buy on recommendation. Buy on facts & data.

    Let do a quick review:

    • Very far from moving average. See pattern? price alway go retrace back to average.

    • Overbought. Everytime overbought it will drop

    • volume started to reduce.

    • See the last candle? bearish engulfment. will have a dip

    • Now at the resistant. With those indication i think is difficult to havea break out.

    • long term uptrend still intact

    Although people always say dont time market, but try not to buy at high price.

    but again if you want to buy, can buy now the ATR only $1.34, Very small. Unlike TSLA $28.1 which make alot of different where you buy.

    u

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      Pharmaceutical stocks can be quite volatile. When their drug does not get approved or a competitor designed a better drug/vaccine the stock can gap down sharply.

      Many retail investors are attracted only AFTER prices have gone up. What you are looking at is you should have invested before it went up. Not after. Look at the market for things that are underperforming or consolidating but the underlying business is thriving. Don't chase a stock that has already gone up.

      "An intelligent investor realises that as stock prices goes up, risk increases, not decreases. As the stock price goes down, risk decreases, not increases." - Benjamin Graham in The Intelligent Investor.

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        Justin Mok

        Justin Mok

        02 Dec 2020

        Level 8ยท10th Member at Akatsuki

        Definitely not sustainable by the looks of it. The market is pricing in a lot of speculation on FDA ...

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