Pfizer suffers from negative pressures - Analysis - 05-06-2020

Pfizer's stock fell 0.41% in the last session while trading alongside the main downward long-term trend line, while suffering negative from the 50-day SMA, as the stock vented off oversold saturation from the RSI. 

Therefore we expect more losses for the stock, targeting the pivotal support of 34.60, provided the resistance of 36.40 holds on. 

Expected trend for today: Bearish