Pfizer may fall to 26.30 - 26.90

Our pivot point stands at 29.8.

Our preference

The downside prevails as long as 29.8 is resistance.

Alternative scenario

The upside breakout of 29.8 would call for 30.8 and 31.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 29.0825 and 29.0712).

Supports and resistances

31.3 **

30.8 *

29.8 **

29.4

28.84 (USD-last)

27.5

26.9 **

26.3 *

25.7 **

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