Pfizer may fall to 26.70 - 27.30

Our pivot point is at 30.9.

Our preference

Target 27.3.

Alternative scenario

The upside breakout of 30.9 would call for 32 and 32.7.

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 stock is trading under its 20 day moving average (29.853) but above its 50 day moving average (28.8092).

Supports and resistances

32.7 **

32 *

30.9 **

30.5

29.32 (USD-last)

28

27.3 **

26.7 *

26.1 **

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