AstraZeneca is a good stock, big pump since 4 months.
I will probably open a short position if trendline is break this week.
MM20 is going to cross MM50, big indicators to a sell position.
2 gaps around 6 900$ et 6 500$.
Happy trading !
Idea: Testing a strategy using the relationship of related time frames for measuring retracement high. I am expecting the retrace to have reached its maximum price limit and price to return to the short trend at 35.13.
This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my...
Bearish spike candles (candles with long upper shadows) coupled with bearish RSI suggests the share price is likely to test the trend line support is seen around 4400 levels.
Only a daily close above 4817 (April 27) would revive the bullish view.