TraderWise

Pfizer Inc. (PFE) chart analysis ;
1) Probably a perfect ABC pattern
2) Price zooms fast, breaking above that red trend on huge volume, searching for "A" (we often see a gap up in these conditions).
3) Price then pulls back and looks for a reliable support level "B"
4) Price rises up again, heading to break above "A", we call this the "C" level. Watch the volume when the break out occurs.