Pfizer Inc. – breach of a trending support line that has been tested at least twice before.

Pfizer Inc. has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 11 days and suggests a target line to be around 34.86 within the next 2 days.