Is Pfizer stock a great stock to buy in 2021? Does Pfizer (NYSE: PFE) stock deserve a place in your portfolio? Sure it does. Moreover, with the strong demand imbalance, that gained control at around $37 per share.
For Pfizer (NYSE: PFE), the dividend yield, growth rate, and payout ratio all support the supply and demand stock analysis. As supply and demand traders, we do not need to pay attention to fundamental stock analysis, earnings reports or any other thing related to the company. The imbalances tell us all we need to know.
Pfizer Inc. (NYSE: PFE) is a well-known American multinational pharmaceutical corporation. Maybe you hadn’t heard about it, but with the arrival of the COVID-19 pandemic in 2020, I am pretty sure that there is not a single human being on planet earth that hasn’t heard about Pfizer since it’s the first pharmaceutical company to have developed a vaccine for COVID-19. Pfizer is one of the world’s largest pharmaceutical companies and was ranked 64th on the 2020 Fortune 500 list.
Take a look at Pfizer’s stock price analysis below. You will see a strong imbalance created around $35 per share. That’s a great trading opportunity for this company. Stock direction trading can provide us with great opportunities like this one on Pfizer stock.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading Pfizer supply and demand imbalances are ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock? Or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves. This game has got a name and it’s called the waiting game. We need to wait for the correct scenarios and setups to happen patiently. And wait for the price to pull back or dip into the price levels we want to trade, in our case. These price levels are made of supply and demand imbalances.
There are several ways of buying stocks and futures. When trading Pfizer stock, you can buy shares of the underlying stock. You can also use stock options strategies to go long or short at these specific supply and demand levels. Long calls or long puts or spreads. You can even buy CFD (contracts for difference) if you are in a country where it’s allowed.
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