Pfizer gives in to negative pressure - Analysis - 10-09-2019

Pfizer's stock fell after trying to correct the main downward trend in the short term, amid negative pressure from the 50-day SMA, while the RSI reached overbought levels, while a negative divergence forms in the Stochastic indicator. 

Therefore we expect more losses for the stock as long as the resistance of 36.81 holds on, targeting the first support at 35.32. 

Expected trend for today: Bearish