Pfizer may rise to 31.80 - 32.40

Our pivot point stands at 28.6.

Our preference

The upside prevails as long as 28.6 is support.

Alternative scenario

The downside breakout of 28.6 would call for 27.5 and 26.9.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 29.164 and 29.0382).

Supports and resistances

33 **

32.4 *

31.8 **

31.1

29.67 (USD-last)

29

28.6 **

27.5 *

26.9 **

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