Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: AZN

AZN : Astrazenica 15 Oct 2013 12:57 #1

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 2854
  • Thank you received: 5183
  • Karma: 111
This is from this weeks share tips..
was to go short on a first attempt of the down rend line. ;)
should be a free trade now :cheer: Dont go short at that level again as its had its first attempt already. :)


dl.dropboxusercontent.com/u/4899609/azm15thoct.png
Information Purposes Only, Do Your Own Research
remo
Last Edit: 15 Oct 2013 12:58 by remo.
The administrator has disabled public write access.
The following user(s) said Thank You: CT79, Libero

AZN 10 Jul 2013 07:18 #2

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25


dl.dropboxusercontent.com/u/7238706/ASTRAZENECA.png

This is getting very interesting. Could go either way, though I fancy short. Entry on break of 3227; SL 3280.
The administrator has disabled public write access.
The following user(s) said Thank You: remo

AZN 26 Apr 2013 06:31 #3

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
I was stopped out too. Very frustrating.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: remo

AZN 25 Apr 2013 23:34 #4

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 2854
  • Thank you received: 5183
  • Karma: 111
Jackozy wrote:
Nice move on this today :-)

Half taken off and stops moved to b/e.

well done mate
The funny thing for me is. I was also short but decided to close the short manually yesterday as my stop was at 3406 which was 30 points stop... I closed it manually at 3402 for a 26 point loss :lol: :lol: :lol: lol... Bottled it last night.....I did not want to leave any trades open whilst at the beach today....dohhhhhh
well done mate
;) ;) ;) ;)
Information Purposes Only, Do Your Own Research
remo
Last Edit: 25 Apr 2013 23:36 by remo.
The administrator has disabled public write access.
The following user(s) said Thank You: Jackozy

AZN 25 Apr 2013 20:38 #5

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 869
  • Thank you received: 2261
  • Karma: 47
Nice move on this today :-)

Half taken off and stops moved to b/e.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, WaveSurfer

AZN 23 Apr 2013 10:25 #6

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 581
  • Thank you received: 1096
  • Karma: 31
I'm long on this since 3050
Inverse H&S on weekly chart
ASTRAZENECA.png


I will add to long position if there is any pull back :)
Good luck to those who are short!
dyor
redchilly
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, remo

AZN - AstraZeneca Plc 23 Apr 2013 10:09 #7

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 2854
  • Thank you received: 5183
  • Karma: 111
Good spot jackozy.. B) B) B)
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.
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: Jackozy

AZN - AstraZeneca Plc 23 Apr 2013 09:15 #8

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
Thanks J, like the look of that and I've entered too.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

AZN - AstraZeneca Plc 23 Apr 2013 08:47 #9

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 869
  • Thank you received: 2261
  • Karma: 47
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:

AZNdaily23_04_13.gif


dl.dropboxusercontent.com/u/20815047/AZNdaily23_04_13.gif
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Shotry

AZN - AstraZeneca Plc 21 Apr 2013 18:37 #10

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 869
  • Thank you received: 2261
  • Karma: 47
AZNdaily19_04_13.gif


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.
The administrator has disabled public write access.
The following user(s) said Thank You: remo

AZN 13 Feb 2013 10:45 #11

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 2854
  • Thank you received: 5183
  • Karma: 111
See how the gap support played its part today. Gaps have a habit of being support and resistance



dyor
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

AZN 24 Jan 2013 20:08 #12

  • Rossymc
  • Rossymc's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 150
  • Thank you received: 101
  • Karma: 6
Rossymc wrote:
Short 3098
Stop 3122

RMc (suspecting Remo taken trade too?)

Oops!
The administrator has disabled public write access.
The following user(s) said Thank You: remo

AZN 24 Jan 2013 09:44 #13

  • Rossymc
  • Rossymc's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 150
  • Thank you received: 101
  • Karma: 6
Short 3098
Stop 3122

RMc (suspecting Remo taken trade too?)
The administrator has disabled public write access.
The following user(s) said Thank You: remo

AZN 22 Jan 2013 01:17 #14

  • ftse80
  • ftse80's Avatar
  • OFFLINE
  • Fresh Boarder
  • get rich or die tryin
  • Posts: 72
  • Thank you received: 57
  • Karma: 7
Hi Remo
Just one question about entering shooting star at half way up..
I noticed often price retraces half way up but after few days, would you still enter it to short or you only would enter if it retrace following day?
Ftse80
The administrator has disabled public write access.
The following user(s) said Thank You: remo

AZN 21 Jan 2013 16:14 #15

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
Thanks, RC, Clarky and remo for your replies. I closed the trade at a small loss in order to evaluate your comments. I'm struggling to do it on screen so I'll get it printed off and look at it more closely. Really appreciate the input and I promise I'll be evaluating it closely. Thanks again.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: gclark25

AZN 21 Jan 2013 14:38 #16

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 2854
  • Thank you received: 5183
  • Karma: 111
some good comments so far. just to add to them

When you identify a shooting star i find that the best entry is half way up the shooting star after the day its formed.This way your risk is a lot less than when you enter based on breaking the low of the shooting star.
Stops should be above the shooting star by about 5 pips.
Obviously the above is going against the trend but its always worth a go when a shooting star forms at a known resistance.
dyor
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: jonamacg83, redchilly

AZN 21 Jan 2013 12:54 #17

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 581
  • Thank you received: 1096
  • Karma: 31
Shotry,

Look at the daily chart below
oi45.tinypic.com/25jk2m0.jpg

you can see AZN has had an upside breakout recently
after the breakout it retraced bang on to 61.8% fib and then carried on upwards

Heres what I would do if I was you but dyor and its all IMHO....

1. My stop would be above the shooting star
2. If I am going against the trend my stop would be tight, I will be prepared for a quick exit and I will move the stop above breakeven as soon as the trade goes in my favour
3. 2900 seems to be too unrealistic target as it would mean more than 100% retracement from the previous move. My exit plan would be somewhere around 50% fib (around 3000) or 61.8%fib (around 2970). Price would also meet the trendline around the 61.8% fib( i.e if it gets there )
4. I would also bank some profits at 38.2% fib if it goes in my favour and leave the rest to run till it gets to 50% or 61.8% fib that way you are making sure that you are paying yourself for your hardwork. I would also look at the hourly chart for a Bullish RSI/Stoch divergence for exit
dyor
redchilly
The administrator has disabled public write access.
The following user(s) said Thank You: remo, gclark25, Shotry

AZN 21 Jan 2013 12:37 #18

  • gclark25
  • gclark25's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 198
  • Thank you received: 267
  • Karma: 10
Hi Shotry, I will try and keep my narration as coherent as I can mate, bear with me.

Firstly, I can see where and why you identified the short based on a zoomed out daily (these are end of day charts so end of day Friday):


AZN_-_daily_-_21-1-13.png


Not sure where you have went short from, or where your stops are currently - but IF I were to go short here, I would make sure my stops were above 3111.5 - so I would maybe go 3120 on this particular share.

My first note is, I am not sure your target of 3900-3940 is valid in this set up - certainly not in the short-medium term. (I assumed this is a short-medium termed short and not a long term play)

I have charted a potential channel - and also noted some fib ext targets etc in the following charts.
These charts are annotated rather than typing it out here


AZN_-_daily_close_up_-_21-1-13.png



AZN_-_daily_fib_targets_etc_-_21-1-13.png


From the above charts and analysis, if your short is still in play, I would reconsider your targets. Personally, I would have a look at the 50% fib @ C.3000 as it coincides (approx.) with a round number, a previous S&R level and also the oblique channel support. I would perhaps take a weight off beforehand aswell.

This is not intraday and doesn't take into consideration todays movements (which I don't know at the moment as I am only taking a look to respond to yourself :) )
Last Edit: 21 Jan 2013 12:40 by gclark25.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Shotry, redchilly

AZN 21 Jan 2013 11:43 #19

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
screencast.com/t/ayT1HvXHV

Hey RC, thankyou for the reply. Not often someone tries to prevent you losing money in this game and I appreciate it.

I've annotated the chart with my plan. It may not be a good one and perhaps I've not give enough weight to the break. Can't stress enough how keen I am to discuss this type of thing as I'm not doing this for the thrill of the ride, I'd like to make money.

The plan was
Shooting star suggesting a turn on the daily
Bearish divergence on MACD histo, RSI and Stochs.
Stop a little more than halfway up the shooting star and target in the region of 2900-2940 (My limit is currently set at the top end of that range).
Would also be very happy to discuss trades offline if you're interested.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: redchilly

AZN 21 Jan 2013 11:17 #20

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 581
  • Thank you received: 1096
  • Karma: 31
Just a word of caution mate

Look at the monthly chart (you can see the same on weekly chart as well)
oi50.tinypic.com/2ugh3tf.jpg

theres a horizantal resistance and a oblique line of resistance
it has made a convincing close above the oblique line of resitance and also its making HH and HLs
Your trade is against the TREND

Do you have a trading plan for this trade?
Whats your R/R ratio?
Whats your target to exit?

GL with your trade
dyor
redchilly
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Rossymc, Shotry

AZN 21 Jan 2013 09:47 #21

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
I've entered this trade. Thanks RMc/Remo
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

AZN 20 Jan 2013 20:52 #22

  • Rossymc
  • Rossymc's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 150
  • Thank you received: 101
  • Karma: 6
This has been posted in chart school by remo but just adding the RSI divergence at support

screencast.com/t/WzL7kjcce

RMc
Attachments:
Last Edit: 20 Jan 2013 20:59 by remo.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, ftse80, Shotry
Moderators: remo

Time to create page: 0.397 seconds