Pfizer tries to recoup recent losses - Analysis - 11-03-2021

Pfizer's stock (PFE) rose 1.39% in the last session, while recouping recent losses, amid positive signals from the RSI, while holding below the resistance of 35.45, 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. 

Therefore we expect the stock to return lower, targeting the next support at 33.69, representing the ratio 61.8% of the same retracement levels. 

Expected trend for today: Bearish