Hubert Senters here.
I had a question from a viewer where I think Pfizer is going to go. Heads up, if you don’t know the symbol for Pfizer it’s PFE so looks good. It is above the cloud above the turning, above the standard, looks stout, lots of green bars. That’s good, right.
So what I’m going to do is I’m going to look at a Fibonacci extension and I’m going to draw it from this area to let you know. Well, first I want to do is I want to collapse it into a longer time frame. Longer timeframe wise I don’t see anything that would give us a whole lot of help other than this area right here.
We do have an overhead resistance area right here in that area. So those $42 — $43.92 to $49.36. It’s going to be overhead resistance and I’m just ball parking this and that. And then what I’m going to do is I’m going to zoom back. Back into the daily and then will zoom out in this side of things.
Now, what I’m going to do is I’m going to take a Fibonacci extension or projection line. I’m going to go from this low of the market up to this high click second and then drop it here a third. And then as we can see we’ve got a little bit overlap there so the next targets for Pfizer will be $41.49, $42.72. And then look at that, that lines up perfectly $43.49 and $44.70. So I’d say the ultimate target in the next few weeks, a few months would be up here in the area $44.
Mark Helweg is going to be doing a special webinar on ‘’3 Market Conditions Leaving Hidden Clues.’’ Beat the market with probabilities when stocks experience big moves. Perfect way to cash in and that’s going to be Wednesday, August the 8th at 8PM EST. I will HYPERLINK you to this form.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
