Astrazeneca $AZN has been bearish from a high around $41.50 in 2014 to a low just below $26.00 in late 2016. AZN Weekly Chart(click to enlarge)Rounded Bottom, Bullish Signs:- The weekly chart shows a rounded bottom with a neckline in the 34-35 area. - Another bullish sign is the fact that price is holding above the cluster of 200- 100- and 50-week simple moving averages (SMAs). - Finally, the RSI has pushed above 70 and subsequently held above 40 for the most part. This reflects maintenance of new bullish momentum in 2017. - this sets up for further bullish outlook in 2018 unless price fails to clear above 35 and falls below 32.