Stocks

Pfizer may rise to 32.00 - 32.80

2024-05-24

Our pivot point is at 27.6.

Our preference

The upside prevails as long as 27.6 is support.

Alternative scenario

Below 27.6, expect 26.2 and 25.3.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 27.916 and 27.2642).

Supports and resistances

33.7 **

32.8 *

32 **

31.1

28.69 (USD-last)

28.1

27.6 **

26.2 *

25.3 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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