Pfizer attacks positive pattern's ceiling - Analysis - 27-04-2017

Pfizer's stock (PFE) rose in the intraday levels, scoring a profit of 0.27% in the last session, or 0.09 points, and attacking the ceiling of a positive technical pattern that's forming currently in the short term, the Falling Wedge pattern as shown in the attached chart, coinciding with touching the resistance of the SMA for the last 50 days period, forcing it to down and trimming its gains before the close, amid an influx of positive signals from relative power indicators. 

Therefore we expect more gains to come for the stock, as long as the support of 33.72 holds on, targeting the resistance of 34.71.