Pfizer gives in to negative pressure - Analysis - 11-10-2021

Pfizer's stock (PFE) returned lower with a 0.68% loss in the last session while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, while carrying on the downward short-term correctional path.

Therefore we expect more losses for the stock, targeting the first support at 40.00, provided it holds below 43.00.

Expected trend for today: Bearish