Pfizer may fall to 26.00 - 26.60

Our pivot point is at 29.4.

Our preference

Under pressure below 29.4.

Alternative scenario

The upside breakout of 29.4 would call for 30.4 and 31.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 29.832 and 28.8374).

Supports and resistances

31 **

30.4 *

29.4 **

29

28.45 (USD-last)

27.2

26.6 **

26 *

25.4 **

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