Pfizer may rise to 32.80 - 33.30

Our pivot point stands at 29.2.

Our preference

The upside prevails as long as 29.2 is support.

Alternative scenario

The downside breakout of 29.2 would call for 28.2 and 27.6.

Comment

The RSI is above 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 28.8365 and 28.5408).

Supports and resistances

34 **

33.3 *

32.8 **

32.1

30.18 (USD-last)

29.6

29.2 **

28.2 *

27.6 **

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