Pfizer readies to tackle current resistance - Analysis - 18-10-2018

Pfizer's stock rose 1.46% in the last session, or 0.64 points, while a positive divergence formed in the Stochastic indicator as shown below the attached chart, amid the complete dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the resistance of 45.81, as long as the support of 42.77 holds on. 

Expected trend for today: Bullish