Pfizer leans on SMA support - Analysis - 19-01-2021

Pfizer's stock (PFE) kept falling in the intraday levels with a 1.53% loss, amid negative signals from the RSI, while seeking a bottom to bounce it higher anew, settling at 54.11, and leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 61.68, provided it settles back above the resistance of 55.67. 

Expected trend for today: Bullish