Pfizer tries to recoup some losses - Analysis - 20-10-2021

Pfizer's stock (PFE) rose 1.86% in the last session while recouping some past losses, and venting off oversold saturation in the RSI amid positive signals out of them, settling thereafter at 42.09, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the pivotal support at 40.70, provided the resistance of 43.00 holds on.

Expected trend for today: Bearish