PFE is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If PFE continues in its current trajectory, we could see it reach 28.1394 within the next 2 days.
PFE is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
