Trade Idea: Buy AstraZeneca Plc Failed head and shoulders have offered great opportunities in recent times.
Idea Buy AstraZeneca Plc on a clearing of the right shoulder.
Now: 86.53
Long +87.30 (right shoulder high zone)
Stop: 83.79
Target: 94.50
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AZNL trade ideas
$AZN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $AZN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
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£AZN 1-day classic patternsQ: What has the highest probability of occurring?
After being one of the strongest performers in 2020 during the initial UK lockdown the stock lost over 30% of its value.
In 2021 it has staged a modest recovery but is still over 15% below its all time high requiring an over 20% rally.
There is well tested support at 8100p and resistance at 8775p.
There is 2 classic patterns 1 that has not validated. 1 that has validated.
The bull flag, with a breakout of 8775p, stop at 8100p, and projected target at 10150p. A risk-to-reward ratio of 2R.
The breakout from the bull flag needs to be confirmed by a close outwith both the flag and resistance. A difficult task therefore requiring more time to confirmation.
The double top, with a breakout of 8100p, and projected target at 7400p. Using a stop half the size of the range creates a 2R opportunity.
The stock also pays a 2.48% dividend semi-annually. Given the length of the setup this trade may run deep into 2022 to allow that dividend to be collected.
Although before that point there will be 2 earnings releases adding volatility to any potential positions held.
The short trade is therefore not of interest here however considering it has validated this may act as a catalyst for the long side. But again it is not yet validated.
$AZN with a Bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $AZN after a Negative Under reaction following its earnings release placing the stock in drift D
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AZN BUY/LONG NOW READY! 54.45 to 68.60 by End 2021!TICKER CODE: AZN
Company Name: ASTRAZENECA PLC
Industry: US Stocks Health Technology Pharmaceuticals: Major
Position Proposed: BUY
FOMO ENTRY: 56.00-57.00
ENTRY: (NOT READY) 54.45 - 57.55
1st Partial Take Profit at: 68.60 (End 2021)
Stop Loss: 52.00
Technical Analysis:
1) Rising Wedge (Existing Analysis; TP @ 68.62)
2) Inverse Head and Shoulders (Forming 2nd shoulder)
3) Chart touched Fibonacci retracement 0.786
4) Fibonacci Expansion Take Profit level at 1.618
Another 1!!This has the same anatomy as the Unlvr trade. I had my zones/levels at which i was looking for a good reaction (rejection) namely the weekly and monthly kijun levels, 7762 and 7876 respectively. Today's bearish candle did just that with reasonable volume and im in,two positions just as on the unlvr trade.
Entry: 7629
SL: 7916
TP1: 7015 (R:2.14)
TP2: 6756 (R:3.04)
AstraZenecaChart pattern: Bull flag
Entry: 8014 (this would end the downtrend of the correction)
Stop: 6736
Target: 10985
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart is forming a bull flag with a nice corrective pattern. Target is the 1:1 Fibonacci extension of the former impuslive move. The price broke the downtrendline and the MACD is also delivering a buy-signal.
AZN LongWedge Breakout
Price above SMA13
OBV > OBV SMA34
W%R Crossed -50
Entry 51
Stop 48
Target1 55
Target2 65
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$AZN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AZN after a negative Over reaction following its earnings release placing the stock in Drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Astrazeneca PLC BuyIt 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!