Just as I put up this note, NASDAQ:ALXN has come out with the earnings figures and have come out better than the estimates, positive for the stock You can review my weekly and monthly time frame analysis in the previous charts I have shared. On the daily time frame, ALXN has broken the downward channel and will now move upwards to test the resistance levels. If...
NASDAQ:ALXN , as seen in my previous analysis, is in a descending triangle formation on monthly charts and in the weekly charts, more likely in a rectangle formation, again bearish as price has moved into the rectangle from top and likely a continuation pattern, price most likely to breakout downwards. Will find strong resistance at the top as it coincides with...
Note : Pharma cos can remain bearish/ bullish for extended time frames as a lot of the movement is based on future expectations and trials. NASDAQ:ALXN has been in the descending triangle and has nicely tested support levels as indicated in the chart. Lovely similar formations on RSI and OBV, both confirming the downward trends Descending triangles are bearish...