DankBeans

$AZN - Sellers Exhausted, Buyers are Coming Back

Long
NYSE:AZN   None
483 views
9
To keep things simple, I am expecting a bounce back towards the POC (Red Dashed Line). Price has consistently bounced off the green support line. There is a skinny wick under the last candle which is a sign that the price was rejected. We ended with a bullish candle, I'm not expecting price to end bearish on Monday.


Here is a broader view of the green support line.
Comment: looks like I predicted the move perfectly.

Comments

Good analysis. I have long positions too. Hoping to get some attention from buyers. Need to break 57.50 levels to make a strong move. Still a great company, good results and making good progress on covid.
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