Technical analysis of Pfizer stock

In March 2013, Pfizer shares broke through resistance at $26.50, which subsequently became support for the price. Since then, the stock has tested this level 6 times, but has never been able to break through it. On December 13, 2023, quotes again dropped to support at 26.50 USD and judging by the sharply increased trading volumes, investors began to show interest in the company’s securities. In this situation, we should expect a rebound from the level with a subsequent rise in price to the nearest resistance at 33.00 USD.