lots of selling at $16.32
I gave this rally one more day than the usual. I knew the unemployment would be bad for the market, plus steam released from being way overbought. ;^)
Well done!Trick is to follow what the fund managers do, ie sell into every PFE rally.
IMO, not in most years since 2004, but only three.In 2004, 2008 & 2009, Alan was always down, & only "up" (supposedly) for a minute this year, but that was only thanks to cooked books, not by any valid accounting of gargantuan losses.
decade short party over, get over it, switch sides.
The stock blew right through there. $16.60 to $16.80 is the next resistance but that should hold for now as the stock is extremely overbought and in need of a pause for refresh.When the uptrend resumes though, the 200-day line is probably history.
Yesterday's $16.48 is the first resistance. Then the 200 sma, currently $16.79, adjusted, & falling.Resuming uptrend would require market continuing up, barring the unlikely event of a new drug approval.