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Astra Zeneca bouncing up
It made a low at 1490 on 5/10
there is a correction at 0.618 Fibo levels.
To see if Price breaks the resistance at 1740.
The piercing pattern implies the stock could go bullish. Confirmation on Monday..
While support is at 1565 target can be kept at 2150 in medium term
Add to watchlist
CCI(W/M) > 100
BO done already
Await further retracement till 1296 or more for entry
Ascending Triangle on ASTRAZEN and it break on upside.
Long Entry - 935
Target 1 - 955
Target 2 - 980
Stop loss - 909
AstraZeneca Pharma broke the trend line on weekly chart.
It has good support zone @908-920
and minor resistance @1020 and then after @1058
Closing above 1058 will lift Astrazeneca to 1300 levels.