AstraZeneca marginally eclipsed its prior cycle highs through the 72.00 level before pulling back to suggest a potential weekly double top pattern, however, I would highlight the lack of momentum divergence at this point, which suggests to me that the current retreat is corrective. On the four-hour time frame, we can clearly see an interim 5-wave sequence has been...
NASDAQ:AZN trading at an area of value. Looking forward to a breakout on the upside. NYSE:MRK has done well so far, need more healthcare stocks to catchup.
$AZN on 1HR Gap FIll Needed
However it is in a downtrend right now. I am expecting a pullback.
But Be careful of news catalysts. Potential pump off of that.
What are your thoughts.
Thanks,
Kelly
AZN: The trend is still bullish in the long term but for the short term (1H) has a correction.
Observe the money management .
Follow, like, or request symbol analysis.
AZN on this Monthly timeframe is extremely bullish
More interestingly though is the inverted H&S patterns that have formed a long this 50MA line
I have counted three in this post, all leading to a bullish result
More of a creative post
Aridis Pharmaceuticals announced first Investor call of 2022 for today, after the closing bell.
Exiting pipeline with 2 phase 3 drugs and their monoclonal antibody cocktail.
AstraZeneca PLC (AZN) has a stake in this company.
CEO has co-developed several drug which have been sold to Astra Zeneca, Megabits and MedImmune.
Aridis Pharmaceuticals can be a potential...
The euro continues to head south in Wednesday trading. Currently, EUR/USD is trading at 1.1828, down 0.17% on the day.
Just four weeks ago, EUR/USD was basking above the 122 level and looking strong against the US dollar. Fast forward to the present, and the euro is struggling to keep above the 1.18 level as its trades at its lowest level since November 23rd....
Fundamental analysis
In the UK, more than a million people have already been vaccinated with this relatively simple vaccine. It won't be long before AstraZeneca has done its administration and the whole world (starting with Europe) will use their relatively cheap product.
Technical Analysis
1. Trend breakout
2. High Volume
3. Next Target is 70
LSE:AZN
Based on technical Analysis:
Prices are moving inside a channel and using the channel theory the idea is to go long target Price 88 Pound - only if the 82 pound support level will be broken
Based on technical Analysis is to hold as we are in the middle of the channel. If you want to risk there might be a possibility to go long - target price 88.00 usd
Again a bearish pharma stock, and has been for a while like the rest. Seeing zigzags here again and seeing us descend lower to one or more Fibonacci projections I traced. Not financial advice, but I will leave with saying that any short is always riskier and I never trade against the trend. Good luck!
![ATVI: $ATVI | Activision Blizzard Bull Flag Continuation [Update]](https://s3.tradingview.com/d/DrsGEc1u_mid.png "$ATVI | Activision Blizzard Bull Flag Continuation [Update]")
