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Herb_Chapman

A little jump before big dump ?!

Short
ASTRAZENECA PLC ORD USD0.25 (LSE:AZN)  
Herb_Chapman  
LSE:AZN   ASTRAZENECA PLC ORD USD0.25
Trend Analysis astrazeneca pharmaceuticals pharmastocks
2
0
trendanalysis astrazeneca pharmaceuticals pharmastocks
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
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