$AZN | Falling Wedge Breakout and Bullish Triangle [Update 1] Long

AstraZeneca PLCNASDAQ

Description

⋅ Jan 14, 2021 2:23 PM

AZN formed a bullish triangle after breaking out of a falling wedge.

I expect this to continue pushing to the upside. Targets on chart.

Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽

See my previous analysis here:

Comments

B20Bravo

⋅ Jan 15, 2021 8:06 AM

I am holding a bag of AZN which I bought at $58. Should I average down or just wait?

ProjectSyndicate

⋅ Jan 14, 2021 2:41 PM

excellent trade setup for mid-term traders with decent upside and low risk.

AidanMDang

⋅ Jan 14, 2021 9:08 PM

@ProjectSyndicate, thank you for your thoughts, I agree!