AstraZeneca has not made all time highs for the last three years. However, this current setup looks like it could be the trigger point.
With everything surging and the MACD coiled, a sudden surge here could bring a whole new look to this chart.
Happy New Year!
Greg Schnell, CMT, MFTA.
About the author:Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).