Neither the daily nor weekly Help Strategies triggered on Friday because the price bar was negative on both, exclaims Ian Murphy of MurphyTrading.com.
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The conditions for triggers are still present and may even be stronger now because we also have a bullish divergence between Help and Price on a daily chart (black arrows.)
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Pfizer (PFE) remains the only open position in the weekly trend following the campaign which began in February. The soft trailing stop moved up to $47.44 after the close on Friday (pink arrow), and the trade is $1380 in profit. We are ten weeks into this one and the stop has still not moved above the entry price, but we are getting there.
Learn more about Ian Murphy at MurphyTrading.com.
