- Pfizer broke support level 25.20
- Likely to fall to support level 24.70
Pfizer recently broke the pivotal support level 25.20 (lower border of the sideways price range inside which the price has been moving from November).
The breakout of the support level 25.20 accelerated the active impulse wave c of the higher impulse wave B from Janaury.
Given the clear daily downtrend, Pfizer can be expected to fall to the next support level 24.70 (former strong support from November and the target for the completion of the active wave B).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.