Today’s instrument is the Pfizer Inc. stock traded in the NYSE exchange under the ticker PFE. 

Image Source: Unsplash

If we look at the PFE Weekly chart, we can see it managed to form a new support level at $42.78 on the 27th of October, extending the uptrend for another week, pushing past the $43.4 closest resistance level, topping at $44.20 but unable to keep climbing it turned back and formed its new support level at $43.6. Its last traded price was around $43.67, between $44 resistance and $43.6 support level.

Today, we could expect a pattern continuation and another move above the $44 level extending its gains. 

If however, it doesn’t manage to hold the current level then a move towards and below the $43.4 could be possible.

(Click on image to enlarge)