0A4J trade ideas
Parallel channel breakout for Astrazeneca. Target at 8301 +10% Possible pending target for Astrazeneca at 8301 +10% from current price due to breakout of parallel channel
A little jump before big dump ?!Still bullish on AZN.L but ascending broadening wedge :
- Need to break 7 580$ resistance
- RSI divergence
- MM20 > MM50
Statiscally in 80% of cases, the exit of this pattern is bearish.
So, I will open a short position around 7 400 $. (TPs on chart)
Always 2 gap to fill :
- Around 6 930 $
- Around 6 550 $
Happy trading
AstraZeneca - Breaking from a wedgeBuy AstraZeneca (AZN.L)
AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.
Market Cap: £90.48Billion
AstraZeneca is breaking higher from a corrective wedge pattern on the daily chart. The long-term uptrend remains bullish and a move towards new highs is expected.
Stop: 6565p
Target 1: 7465p
Target 2: 7580p
Target 3: 8000p
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Astra Zeneca Down !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$.
Low volumes.
Happy trading !
Astrazeneca shortHere wave 3 extended and was nearly 1.618*the length of wave 1, therefore wave 5 should be a maximum of 100% of the length of wave 1. Wave 5 is currently slightly over 61.8% of the length of wave 1. Here wave 5 is clearly an ending 5th wave diagonal and thus a sharp reversal should follow very soon.
aiming for the fifth wave to completeI think this is what's happening on Amazon stock. SO I think we can expect another minor wave up to complete the five wave structure
Based on Elliot wave
Its the matter of how you countI originally counted the waves like this, and there was no divergence on RSI or MACD
Different scenariosI think this graphs shows the situation which we are in. I originally thought that the fifth wave was over warlier when we hit just over the 1.618 making it the perfect fib ratio. However, the last wave up surprised me. So I considered that maybe we witnessed a b wave correction inside the ABC whih goes over the previoues wave up. However the scenario wasn't convincing. So I assumed we are in the fifth wave up.
Another scenario I analysed was foe another wave up remaing in the fifth wave, however looking at the RSI level divergence that seemed less likely too.
Therefore, my current theory is that we have now wtnessed a complete wave up, and the wave A in the correction. Therefore the play i suggest is to wait for the completion of wave B, and then short the stock for the Wave C
Astrazenica Bullish Bounce Off Resistance?Looks like a possible bullish reversal could be coming up for Astrazenica.
Astra Zeneca #AZN - Breakout day after H1 resultsBreakout day after a 2 year 1 month ascending triangle.
A buy signal if you're a technical analyst and you see the pattern the same way.
AstraZeneca PLCHere we can see the breakout of trendline and resistance, moreover, there is a possibility of the end pullback. It gives us a nice opportunitiy to go long with the first target zone on the previous top and the second target would be the next resistance level
-G_Invest
A easy chart for AstraZenecaGo long on the 470 support line, with 460 stop loss.
TP when you feel like it.
AstraZeneca eyes trend line support at 4400Bearish 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.
AZN after a 2bottom..I am taking a chance on AZN after the denial of Obama care and report has settled.. Targets and Stop are arbitrary.. and I my change these depending on the market assessments..
GARTLEY SETUPWe have a bullish gartley in development on daily timeframe.
It would be agood idea to buy from yellow zone box with SL below it.
AstraZeneca 60min - Buy SetupIf AstraZeneca breaks the line it is a good idea to buy because structure is showing more upside.
