Economies.com provides the latest technical analysis and forecast of the European stocks, in order to keep track of the trend of the EU stocks.
AstraZeneca shares price was affected by some negative pressures recently, to force the price to form correctional bearish rebound, approaching 5518.00 support, while the price stability within the bullish channel besides the stability of the current support confirm the preparation to renew the bullish attempts to expect targeting 5820.00 level initially followed by pressing on 6122.00 recently recorded top.
Stochastic reach to the oversold areas confirms getting rid of the negative pressures, to increase the chances of gathering the positive momentum to manage to form strong bullish trades and start recording the suggested targets.
Expected trading range for today is between 5518.00 and 5820.00
Expected trend for today: Bullish