Will be Pfizer reversed?
«Doji Star» and «Evening Star» reversal patterns near the resistance of 55,5 have paid off, and we have seen Pfizer decline.
Not reaching the level of 45,5, the price has drawn the “Engulfing” model, hinting at a possible upward reversal.
Pfizer's growth is also supported by the Stochastic indicator, the blue line of which has crossed the red one in the oversold zone.
However, since there is no clear benefit of the “Engulfing” model in determining the price movement, on the contrary, a continuation of the price decrease is possible, it is better to wait for the confirmation of the pattern. Then the share price can be returned to levels 51 and 55,5.