C wave could go lower, maybe even past the 50% Fibb extension, so I personally will be waiting for some consolidation and some signs of a reversal before touching anything related to Pharma. Copyright Rohan Karunaratne 2020
Great trend channel here , over 59 we can test 52 w hight at 65. 2nd price target would be 80. good job if you are still in though. my sl would be 42, gl ! :)
Looks extremely bullish - definitely watching this stock.
(1) Price above Kumo
(2) Future Kumo bullish
(3) Senkou span A & B with positive slope
(4) Both Tenkan Sen & Kijun Sen have +ve slopes
(5) Chikou Span above the price & free to go up
$AZN posted its earnings with the PEAD projecting a slight bullish outlook for the stock after a negative over reaction following the earnings release with PEAD placing the stock in Drift C.
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Based on technical Analysis is to hold as we are in the middle of the channel. If you want to risk there might be a possibility to go long - target price 88.00 usd
Again a bearish pharma stock, and has been for a while like the rest. Seeing zigzags here again and seeing us descend lower to one or more Fibonacci projections I traced. Not financial advice, but I will leave with saying that any short is always riskier and I never trade against the trend. Good luck!
So they had a death on the vaccine research and look to be forming a head and shoulder pattern which is typical of a reversal in price, how come the news always comes so in time? the markets are so fascinating.
Hi friends
the daily chart of this market shows with a high probability no downtrend in the coming days but you must also be vigilant on the change of direction in the reverse
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Astrazeneca Stock Analysis
Prices moving inside a channel - trendless condition - Horizontal movement.
Based on Technical Analysis, the idea is to go long as the prices are close to the resistance level of 83 pound (bottom flat line of the channel) and they seem ready to jump up to 88.0 Pound.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Technical Analysis: If the support level will not be broken there might be an opportunity to go long.
Fundamental Analysis:
Gilead Was Approached by AstraZeneca About Potential Merger
There is an upward channel - Prices should go up based on both technical and Fundamental analysis
Fundamental News - Coronavirus: AstraZeneca to make 30m vaccine doses — if it works
uk.finance.yahoo.com
The only concern is that prices are moving up too fast and a pause to the market might be required.
AstraZeneca will make and distribute globally the University of Oxford’s potential COVID-19 vaccine, the British drugmaker said on Thursday.
We should have bought this stock a month ago (Now, I believe it is too late)
If Oxford university will not find the Vaccine first, the stock my fall down.
