Pfizer stock analysis. New strong demand imbalance

Pfizer Inc. develops, manufactures, and sells healthcare products worldwide. It offers medicines and vaccines in various therapeutic areas, including internal medicine, such as cardiovascular, metabolic and pain, under the Eliquis, Chantix/Champix, and Premarin family brands.

PFE chart price analysis

Pfizer Inc. (NYSE: PFE) pharmaceutical drug manufacturing company has a tricky price action on the weekly timeframe. As longer-term traders, we can see a strong bullish impulse and imbalance at the bottom around $30 per share, where we are interested in buying Pfizer Inc. (NYSE: PFE) stock shares. After a strong impulse, we must wait for a retracement and correction to get the underlying stock at a better price right at or within an imbalance.

Pfizer price analysis

There is a weaker imbalance a little bit higher, around $39 per share, right where you can see #2 in red which could provide a bigger pullback and correction.

Pfizer Inc. (NYSE: PFE) fundamental analysis

If you still want to learn more about Pfizer Inc. (NYSE: PFE)fundamental analysis, read below what they say about this biotech company.

Seven days later and Gilead Sciences has already completed inoculating the first group of patients in the study. Of course, that group only consists of 12 participants — and there are presumably plenty of people eager to participate given the lack of an approved coronavirus vaccine — but the speed is still impressive nevertheless.

Pfizer expect to gain permission from the Food and Drug Administration to expand their clinical trial to the U.S. shortly. There’s no word yet on a timeline for the development of the vaccine in China.

Pfizer video analysis prediction

Pfizer PFE price action analysis

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 to trade Pfizer drug manufacturer.

Trading supply and demand imbalances is ideal for beginners and those with full or half-time jobs. You won’t need to stay in front of the computer all day long trying to move price action with your mind. 

Pfizer stock supply and demand imbalances

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.

Unless you are doing very short-term trading and scalping, you should not worry about fundamentals or earnings announcements on Pfizer drug manufacturers.

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 patiently wait for the correct scenarios and setups to happen 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.

Join our online trading academy to learn how to trade stocks using our supply and demand trading strategy.

There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use 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 a Pfizer drug manufacturer’s CFD (contracts for difference) if you are in a country where it’s allowed.