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Astrazeneca (AZN) Likely Gearing Up for a Bullish 2018

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.