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 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 !
