AZN

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.

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

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

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.

See how the gap support played its part today. Gaps have a habit of being support and resistance



dyor

Rossymc wrote: Short 3098
Stop 3122

RMc (suspecting Remo taken trade too?)

Oops!