Pfizer may rise to 31.30 - 32.10

Our pivot point stands at 27.1.

Our preference

As long as 27.1 is support look for 31.3.

Alternative scenario

The downside breakout of 27.1 would call for 25.8 and 24.9.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 28.333 and 27.0425).

Supports and resistances

33 **

32.1 *

31.3 **

30.4

28.345 (USD-last)

27.7

27.1 **

25.8 *

24.9 **

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