AZN

dl.dropboxusercontent.com/u/20815047/AZNdaily19_04_13.gif

That top trendline you see from Friday's high is the downtrend from the 2002 all time high so a really important one there. Bearish RSI divergence in play so a possible short with stop above 3383. A break of that trendline and it should motor north though. Nice gap at 3135 to target if the short plays out.

I'm now short on this after yesterday's shooting star at the main downtrend resistance. Today's candle saw a 60% test of that shooting star so I'm short from there with a stop above 3400 (round number for safety). Target is around the 38 Fib area:



dl.dropboxusercontent.com/u/20815047/AZNdaily23_04_13.gif

Thanks J, like the look of that and I've entered too.

Good spot jackozy..
heres a weekly chart view...this shows that it hit resistance. so the shooting star on the daily came at the right place
30 points risk is pretty good.

I'm long on this since 3050
Inverse H&S on weekly chart


I will add to long position if there is any pull back
Good luck to those who are short!

Nice move on this today

Half taken off and stops moved to b/e.