UK: Astrazeneca shares form strong positive rally – Analysis – 18-2-2019

Astrazeneca shares prices provided many positive closings above the bullish channel’s support line at 4960.00 to take advantage of the moving average 55 positivity by forming strong bullish rally and achieve 6230.00.

These factors confirm the continuation of the positivity for the near term and medium term period, depending on 6085.00 level forming additional support to increase the chances of recording new targets by reaching 6380.00 and 6510.00 levels.

The expected trading range for today is between 6100.00 and 6280.00

The expected trend for today: Bullish