Pfizer:Pure Technical Play!Pfizer
Short Term - We look to Sell at 53.30 (stop at 55.53)
Price continues to trade within the triangle formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected although we prefer to sell into rallies close to the 53.56 level.
Our profit targets will be 48.29 and 43.36
Resistance: 53.56 / 56.32 / 61.71
Support: 47.50 / 45.44 / 40.94
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