PFE was a recently posted short setup that bounced off the first significant support level shortly after breaking down from this bearish rising wedge pattern and is now offering an objective new short entry or add-on to an existing position as makes a back-test of the wedge from below.  T2 is my preferred swing target on this trade which offers an excellent R/R with a short entry here and a stop slightly above the overhead resistance level at 25.00.  To avoid getting caught in a stop-raid, best to set you stop somewhat above that level, around the 25.25 area.  Original daily [...]

PFE is one of the large pharmaceutical companies mentioned as a potential trade last night.  A short entry would be triggered on a break below the rising wedge pattern.  As the first key support level (and likely reaction point) is currently not far below the wedge, I have labeled it as S1 (support).  However, that level could also act as an initial target depending on the price level if/when an entry is triggered.