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

2021-02-22 11:42:16 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
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