Pfizer gathers positive momentum - Analysis - 26-11-2021

Pfizer's stock (PFE) fell 0.37% in the last session amid negative signals from the RSI while gathering momentum to help it rise anew, as it tackles the pivotal resistance of 51.80, settling thereafter at 50.89, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

Therefore we expect the stock to rise and target the first resistance of 54.70, provided the pivotal resistance of 51.80 was breached. 

Expected trend for today: Bullish