Pfizer erases losses - Analysis - 13-06-2018

Pfizer's stock (PFE) closed flat in the intraday levels, after plumbing an intraday low at 36.15, bouncing off it higher before the close and erasing all the losses, as the stock tries to vent off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 36.00 holds on, targeting the resistance of 37.30.