Pfizer heads firmly south - Analysis - 26-08-2019

Pfizer's stock rose in an attempt to recoup some past losses, amid the dominance of the downward trend in the short term, with negative pressure from the 50-day SMA and the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, especially if the support of 34.23 was breached, targeting the next one at 33.13. 

Expected trend for today: Bearish