EugeneRodriguez
2021-08-05

PFE formed a flagpole on Monday and Tuesday from $43.25 to $45.86. This measures $2.61. It is now consolidating the gains these gains to form the pennant portion of a bull pennant. I expect PFE to be range bound for another day or two before it breaks out of the pennant.A pennant is marked by lower highs and higher lows to form the pennant. When PFE breaks out of the pennant, the minimum up move will be $2.61. For example, if it breaks out from $45.60, this will translate to a minimum price objective of $48.21.Option traders, Buy on the breakout.As I have said in prior posts, these technical patterns have an 80/20 percent chance of success. $Pfizer(PFE)$

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