It is time for me to take a new position in AZN at this resistance kombined with the fact that the media is slowing down its critisim against this company.
Maybe I am a bit early, the future will tell. Possible sell if we have a close below the red area.
May the force be with you!
taking into account the news about the solution of problems with production capacity, the company can become one of the leaders in the supply of vaccines to the British market
Macro view:
- AZN moving in an upward channel
- Price has breached channel, but looks to be falling towards the median
Near term:
- Current price trend in a falling wedge pattern, which will likely result in a breakout
Recent news (1/23/21):
- Failure to deliver COVID-19 Vaccinations target number of doses
$AZN continued pushing to the upside as forecasted in my previous idea.
I hav added a third target on thee chart.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous $AZN analysis here:
$AZN formed a bullish triangle after breaking out of a falling wedge.
I expect this to continue pushing to the upside. Targets on chart.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous analysis here:
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
There hasn't been a significant rise in Astrazeneca, despite the approval of the vaccine in the UK, the orders from Indonesia and Taiwan and reassuring news about the effectiveness of the vaccine. I think some negative publicity about the vaccine effectiveness in comparison to the other vaccines in the US could have led to this consolidation, but even if the other...
Probable no seguro que $AZN empiece a cambiar tendencia para arriba en 1D. Hay una fuerte zona entre los 50 y 58 confirmada por otros indicadores. En 1H entre 49 y 51 hay una mas pequeña que posiblemente muestre acción mañana, si rompe la resistencia ya la probabilidad de que suba aumenta.
![AZN: $AZN | Falling Wedge Breakout and Bullish Triangle [Update 2]](https://s3.tradingview.com/8/8JzCcpW1_mid.png "$AZN | Falling Wedge Breakout and Bullish Triangle [Update 2]")
![AZN: $AZN | Falling Wedge Breakout and Bullish Triangle [Update 1]](https://s3.tradingview.com/y/yZDY2aBT_mid.png "$AZN | Falling Wedge Breakout and Bullish Triangle [Update 1]")
