Pfizer suffers from negative pressures - Analysis - 22-02-2021

Pfizer's stock (PFE) fell 0.35% in the last session while trading below the resistance of 35.46, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 27.90 to 43.01), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect more losses for the stock, targeting the next support at 33.69, representing the ratio 61.8% of the same retracement levels. 

Expected trend for today: Bearish