Pfizer gives in to negative pressure - Analysis - 02-04-2020

Pfizer's stock dropped 2.73% in the last session while trading alongside the main downward trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the pivotal support of 28.00. 

Expected trend for today: Bearish