Why I bought this Stock which was making so much negative news w/its vaccine ? #StockMarket #Investing
#AstraZeneca is ranked 12th in the world & has a market cap of 100.57B. They have a huge portfolio of drugs to treat diabetes, cancer & respiratory problems. 1/5 #ASTRAZEN
#AstraZeneca is ranked 12th in the world & has a market cap of 100.57B. They have a huge portfolio of drugs to treat diabetes, cancer & respiratory problems. 1/5 #ASTRAZEN
So I had the belief that few issues with covid vaccine might not work negatively for a company which had such high profile drugs in its kitty.
On 4th jan 2021, #ASTRAZEN made a high of 4910 & it slowly started retracing. 2/5
On 4th jan 2021, #ASTRAZEN made a high of 4910 & it slowly started retracing. 2/5
This was when #Covid vaccine was out after all trials & approvals. But in Europe & other places there were cases of unusual blood clots w/the vaccine & naturally the stock started falling. On 9th feb, stock was trading at 3745 & it caught my attention. Support identified 👇3/5 
As per charts I saw 3090-3300 as supports & we waited for the same. I felt by the time it reaches the said support, the negativity around the vaccine if anything would be already factored. On 24th feb, our said supports came which is actually 32% below all time highs. 4/5
The stock went to lower band of our support & made a low of 3005 on 31st mar'21.
After that, stock has recovered beautifully & today made a high of 4500(40%). Expecting the nxt move technically once price closes above 4700 on wkly basis.#VirginPriceAction ROCKS 🙏 5/5
After that, stock has recovered beautifully & today made a high of 4500(40%). Expecting the nxt move technically once price closes above 4700 on wkly basis.#VirginPriceAction ROCKS 🙏 5/5
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