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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (7123)9/14/1998 6:10:00 PM
From: Bwe  Read Replies (1) of 34811
 
Judy.....PFE gave a double top buy signal at $102 today. A move to $104 would give evidence of an even more bullish triple top continuation pattern. When two previous tops are breached, the odds are greatly increased that a stock will move to higher levels. $106 is where the stock's Bearish Resistance Line is waiting to cause trouble. Should PFE clear that hurdle, the stock will be well on it's way toward meeting it's new $128 price objective.

Take care,
Bruce
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