Pfizer may rise to 31.50 - 32.30

Our pivot point stands at 27.5.

Our preference

As long as 27.5 is support look for 31.5.

Alternative scenario

Below 27.5, expect 26.1 and 25.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (28.709) but above its 50 day moving average (27.4772).

Supports and resistances

33.1 **

32.3 *

31.5 **

30.7

28.58 (USD-last)

28

27.5 **

26.1 *

25.3 **

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