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Pfizer

Market Opportunities - 18/11/2020

18 November, 2020

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Pfizer uptrend opportunity based On 1.00 Lot Calculation:

  • Pfizers is a research-based global biopharmaceutical company. The Company is engaged in the discovery, development and manufacture of healthcare products. Its global portfolio includes medicines and vaccines. In March 2020 Pfizer and German biotechnology company BioNTech unveiled the co-development and distribution of a potential coronavirus vaccine.
  • Pfizer’s Covid-19 vaccine just finished its Phase 3 Trials and was found to be 95% effective. It will submit its data to the FDA for Emergency Use Authorization (EUA) in the next few days. Once submitted it will probably take 2 to 3 weeks for the FDA to review its trial and manufacturing data.
  • Pfizer stands ready to ship millions of doses within 24 hours of approval by the FDA.
  • Pfizer along with Moderna are expected to distribute 20 million doses by the end of December if their vaccines are approved swiftly, and another 80 million doses by the end of the first quarter of 2021.

Pfizer, November 18, 2020
Current Price: 36.80

PFIZER

Weekly

Trend direction

UP

Resistance 3

43.00

Resistance 2

42.00

Resistance 1

39.35

Support 1

34.30

Support 2

33.77

Support 3

32.27

Example of calculation base on weekly trend direction for 1.00 Lot*

PFIZER

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

6,200.00

5,200.00

2,550.00

-2,500.00

-3,030.00

-4,530.00

Profit or loss in €**

5,220.53

4,378.50

2,147.15

-2,105.05

-2,551.32

-3,814.35

Profit or loss in £**

3,929.17

3,913.72

1,919.23

-1,881.59

-2,280.49

-3,409.45

Profit or loss in C$**

8,097.20

6,791.20

3,330.30

-3,265.00

-3,957.18

-5,916.18

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 14:19 (GMT) 18/11/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details

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