25.08.2014 - Pfizer is likely to continue to fall
Pfizer's stock price has corrected in the descending channel after it rebounded from its lower boundary and reached the nearest local minimum near 29.00. If the price fixates below this level downward movement is likely to continue. Growth is limited by the upper boundary of the channel and the level of resistance at 30.50. We expect the continuation of the downward movement in the medium term with a target near 25.00.