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Daily volume today appears very light and sp has not fallen below the daily bullish outside price bar low of 694, which if it occurred would reverse the bullish outside bar to bearish. Meantime so is within the range of the bullish outside price bar with a close above the high required for a buy. DYOR.

There is a bearish RSI divergence, but I calculate the true value of the equity on the divergence basis as current 709, so appears oversold.

AZN requires to close above 5/6/26 peak high, and similarly sector chart requires same. At present sp has rallied above the bearish daily outside price bar high of 13506, which could reverse the bearish view in the outside price bar. However the conservative view would require a close above 13878 high of 5/6/26 and at least a 2 day close either above the outside bar high of 13506, or a 2 day close below the outside bar low of 13116.

The sector at last looks, showed 8 risers to 10 falling equities. However sector chart rose today simply because the large capital equities are largely in the risers today.

I would suggest 3/6/26 open of 13082, as a support level, because the day was a Japanese hammer candlestick representing the lowest low in the bearish head & shoulder formation, with a confirmed 2 day close below that open of 13082, before assuming support has broken. There is also the market phenomenon of attachment to large numbers, so 13000 is likely to trading activity. DYOR.

Yesterdays high/low/close prices enable a pivot calculation of 654.53, which pivot value can be expected to provide a support level for today, with price retracing down to 654.80, as at commentary. DYOR.

Sp target 691.60-705.40, represents the equity supply block of 4/2/26. The supply block was validated by the subsequent fair value gap, which remained unmitigated and subsequent break of structure which validated the strength of the supply block. Equity will invariably search for liquidity and the supply block mentioned is that liquidity, as a function of the law of supply and demand.

The RSI(relative strength index), has made a bullish swing failure by the value crossing above previous RSI swing high values. DYOR.

Continued //Week commenced 19/6/26. A conservative approach would be to wait for a close above 69.94, for a buy. Outside sp forecast is 77.2, if price can trade above 68.80 high. DYOR.

Bullish Japanese daily Marubozu candlestick 19/6/26 in heaviest volume for the 3 month chart. The described candlestick is also a bullish outside( high greater than previous high & low less than previous low) price bar. If the sp can trade above the outside bar high of 68.80, then a future price forecast would be outside bar range X 2, added to outside bar high of 68.80.

The recent bearish downtrend value is 69.94, for the current week

Bullish breakout above 13/4/26 weekly high on Thursday, on heavy volume. The 13/4/26 price bar encompassed the subsequent 8 weeks trading bars, before the sp breakout, implying professional equity accumulation.

The sp has also broken above the bearish down trendline from October 2025, which is bullish and in addition the RSI has crossed above it's highest swing value since October 2025, which is defined as a bullish failure swing.

The volatility based Bollinger bands are separating in both daily & weekly charts, suggesting a fast sp movement is underway. An sp future target of 1030.4 looks feasible, but however there could be resistance at the previous November high price of 1000. DYOR.

Surprised no current short positions in Astrazeneca. .

Massive bearish two headed, head and shoulder chart formation in Astrazeneca and the sector chart has a similar chart appearance.

Bearish down trendline in force, with sp below the trendline.

Bearish daily outside price bar on Thursday, provides a downside price target of 12136, calculated as outside bar range X 2, deducted from outside bar low of 13116. Wait for a close below the outside bar low of 13116, before shorting. DYOR.

Bullish daily outside(high greater than previous high & low less than previous low) price bar of 16/6/26, implies future sp forecast of 5.93, calculated as outside bar range X 2, added to outside bar high of 4.85.

The sp is above the 20 period moving average in both daily & weekly charts, which provides price support. Also RSI(relative strength index) value above 50 in both daily & weekly charts supports view that equity is trending, after approx 11 months in a sideways price congestion. The breakout from the price congestion supports the view that the congestion was professional equity accumulation, which is bullish for future sp upward momentum.

Second highest volume on the 3 month chart supports the bullish rally today. DYOR.

Volume looks likely to be approx 40,000 today Thursday, which is relatively light. The sp reaction has dropped price below the recent uptrend value of 7944, I computed for today Thursday. The sp was above the trendline on Wednesday, however a 2 day close below a trendline is usually accepted as a valid break . At present there is no close below the trendline, merely an intraday low, on described low volume. DYOR.

Review today 17/6/26, of my 9/6/26 comment. The chart has now printed a standard 2 leg retracement, today, and in doing so briefly fell below the bullish outside price bar high of 7932, so the bullish outside bar prediction is still intact.

Also the volume in today's fall was approx 50% of the lowest volume in the previous 4 days trading. The drying up of volume in a price retracement is healthy and bullish. DYOR.

Sector strength risers/fallers 10/4 ratio today.

PSN showed relative strength against sector when late May 26 price peaked above early May peak.

The sp has recently touched the key price from recent bottoms, however technically chart is constrained within a sideways price congestion as confirmed by the RSI value being below 50. The sp requires to register a value above 50 in the RSI, to do indicate an uptrend.

The recent downtrend requires to be broken to imply equity upside. I have calculated the current week downtrend value as 1105.75, with next week value 1095.50, then 1085.25 in the third week. If the sp can close above those downtrend values, there is a chance of a bullish uptrend. DYOR.

Bullish RSI(relative strength index) failure swing, where RSI crossed above highest RSI swing high since February 2026, which confirms the new sp high as particularly bullish for further equity upside. Also so has broken above the volatility based upper bollinger band, which in conjunction with the RSI value above 50, confirms equity trending upward status.

Bullish weekly outside price bar of 18/5/26, high of 1248.80 broken above so future forecast sp is 1514.80, calculated as outside bar range X 2, added to outside bar high. DYOR.

Bullish hidden divergence in weekly chart for RSI(relative strength index), and sp, has met support from previous March 26, high price. Hidden divergence occurs when the sp makes a higher low, while the indicator RSI, makes a lower low.

Also the sector has a ratio of 5/4 risers to fallers equities and UHC leading equity riser when viewed today. DYOR.

Bullish daily outside price bar on 4/6/26, occurred in the heaviest volume for 14 days. The bullish outside price bar enables a future forecast sp of 68, since the sp crossed above the outside bar high of 56.

There is a very slowly descending bearish trendline, which value I have calculated as 58.38 for the current trading week ending 19/6/26. The bearish trendline is falling at 0.11 weekly, so next week value will be 58.27. A conservative approach might be to wait for a close above 58.38, current week, for a purchase of equity. DYOR.

Sp tapped on into weekly demand block of 30/3/26, high price 3924. The demand block has provided bullish liquidity to fuel the current daily price rally. The bearish weekly supply block which caused the intervening price fall, is above 4600, which can be used as a suitable price target.

The sector has a bullish ratio of 10/2 for risers and fallers. DYOR.

My comment of 13/6/26, buy triggered with rally today.

The bearish down trendline broken above today and the value of 550.17 given for the down trendline, can now be viewed as potential support, should the sp retrace some of its current rally. DYOR.

Rally from key price of 23/3/26 and chart week 8/6/26, is a Japanese doji candlestick, very small body, open-close and large range, which could be professional accumulation. If the sp can close above the doji high of 545.50, a buy can be considered.

Comprised within the weekly doji candlestick, was an bearish outside(high greater than previous high & low less than previous low) price bar, of 9/6/26, high 545.50. The bearish outside bar, would reverse it's function to bullish if the high of 545.50 is broken above, and the future forecast sp would then be 611.50.

I would caution that the recent down trendline value will be 550.17 on Monday, 543.60 Tuesday and 537.03 Wednesday. So equity slightly speculative until the down trendline is broken above by a closing price. DYOR.

Bullish break above down trendline value of 1322.5.

Weekly outside(high greater than previous high & low less than previous low) price bar of 1/6/26, high 1332 break above today. The outside bar was bearish, but reversed it's forecast value with the break above the high instead of the low. The future forecast sp is 1488, calculated as outside bar X 2, added to outside bar high.

The sector chart is bullish with equity breadth 10/1 in favour of risers to losers. DYOR.

Sector breadth chart is bullish, with 10 equity risers and only 6 fallers, ie, a 10/6 ratio. Also VCP is top sector riser today, indicating positive relative strength. DYOR.