Pfizer
Long
Updated

PFE Long, V reversal and Fib# 0.382 retracement

1 864
Condition:
1. V Pattern,
2.Fib 0.382 retracement

Earning date: 7/28/2020 6:45 AM ET -- Earning will not affect this plan.

Entry: 36.2
Stop: 43;
Target: 34.5; risk/reward=1:3

This is a trading school homework. I need few months to practice trading plan.
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Trade active
Estimate a long term slowly up trend, BUY OTM call with more timing value;
Buy DEC 38 call limit 1.78;
Option Stop 34.5;
Note
Correction:
Entry: 36.2
Stop: 34.5;
Target: 43; risk/reward=1:3
Trade active
SellToOpen Dec C41 Limit 0.81

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