Pfizer trapped in a hesitant place - Analysis - 16-08-2022

Pfizer's stock (PFE) fell in the intraday levels amid negative pressure from the 50-day SMA, marking a loss of 0.72% in the last session, or 36 cents, and settling at 49.75, amid the dominance of the main upward medium-term trend, with positive signals from the RSI, after reaching oversold levels. 

Therefore we expect the stock to rise and target the resistance of 54.55, provided it settles above 49.95. 

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Expected trend for today: Bullish