empty
09.12.2021 08:51 AM
Technical analysis of Pfizer for December 9, 2021

This image is no longer relevant

The major cup with handle pattern we pointed out back on August 4 has been triggered for a rally towards the Cup with handle target near 83.34. We are sure that the major players will do everything in their power to cut away the smaller fish, but now is the time to hold on for the rally coming as the major cup with handle pattern plays out.

Support is currently seen at 47.44 which ideally will protect the downside for the next push higher towards the 83.34 target

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD – August 7th. Bank of England Prepares to Support the Pound

On the hourly chart, the GBP/USD pair continued rising on Wednesday after rebounding from the 127.2% Fibonacci retracement level at 1.3258, reaching the resistance zone of 1.3357–1.3371

Samir Klishi 09:51 2025-08-07 UTC+2

Silver still has the potential to continue strengthening today to its nearest resistance level. Thursday, August 7, 2025.

Silver – Thursday, August 7, 2025. Silver's bias is currently strengthening significantly, where it potentially testing its nearest resistance levels. Although there is a possibility of a correction, as long

Arief Makmur 07:42 2025-08-07 UTC+2

Although the bias remains strong, the appearance of divergence on the Nasdaq 100 Index has the potential for a limited correction. Thursday, August 7, 2025.

Nasdaq 100 Index - Thursday, August 07, 2025. With the condition of EMA (50) and EMA (200) forming a golden cross, and the RSI (14) in the extreme bullish area

Arief Makmur 07:42 2025-08-07 UTC+2

EUR/USD Forecast for August 7, 2025

As a result of yesterday's 84-pip rise, the euro broke above the target level of 1.1632, testing the balance indicator line. The correction from the downward move that began

Laurie Bailey 05:07 2025-08-07 UTC+2

GBP/USD Forecast for August 7, 2025

By the end of yesterday, the British pound rose by 56 pips, reaching the target level of 1.3364 – the upper boundary of the consolidation range between 1.3253 and 1.3364

Laurie Bailey 05:07 2025-08-07 UTC+2

Natural Gas Forecast for August 7, 2025

On the daily chart, a bullish divergence has formed between the price and the Marlin oscillator. The price has already moved above the target level of 3.086; all that remains

Laurie Bailey 05:07 2025-08-07 UTC+2

XAU/USD – Analysis and Forecast

From a technical standpoint, oscillators on the daily chart are showing positive momentum. Positive signals are also present on the four-hour chart, including a rebound from the 100-period Simple Moving

Irina Yanina 17:53 2025-08-06 UTC+2

Forecast for EUR/USD on August 6, 2025

On Tuesday, the EUR/USD pair continued to trade sideways, mostly above the 100.0% Fibonacci level at 1.1558. This means that the upward movement may still continue toward the 1.1612

Samir Klishi 17:22 2025-08-06 UTC+2

Forecast for GBP/USD on August 6, 2025

On the hourly chart, the GBP/USD pair on Tuesday rebounded from the 127.2% retracement level at 1.3258 (yellow dashed line), reversed in favor of the British pound, and began

Samir Klishi 17:17 2025-08-06 UTC+2

GBP/USD. Indicator Analysis on August 6, 2025

On Tuesday, the pair moved downward to the 14.6% level at 1.3243 (red dashed line), then reversed upward, closing the daily candle at 1.3296. Today, it may continue moving upward

Stefan Doll 17:08 2025-08-06 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.