Investing.com investing.com 06 Jan, 2021 16:15 am

Chart Of The Day: Vaccine Maker Pfizer Has Good Shot At Heading Higher

Chart Of The Day: Vaccine Maker Pfizer Has Good Shot At Heading Higher
Stocks Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: Pfizer Inc. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

The price has been developing a year-long symmetrical triangle, shaped according to the forces of supply and demand.Moderate traders may be content with a close above the downtrend line, if not the symmetrical triangle.p But, beginning the week of Nov.A month later, beginning the week of Dec.

The Relative Strength Index (RSI), which measures price momentum, has been forming a bottom, whose upside breakout above 63 would signal a reversal in momentum to the upside.The Money Flow Index (MFI), which measures the momentum of both price and volume change, supports the rising price, both in the short-term, by trending within its rising channel between the March low and the present, as well as in the long-term, within a rising channel since 2016.

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