Astellas Pharma - Strong break above weak resistance!ASTELLAS PHARMATSE_DLY:4503William-trading4503 is looking at a strong bullish reversal confirmation after the stock has broken above the multi-tested resistance at 1,450. Besides that, the cup and handle formation has been completed. Besides that, we believe the larger 3-wave corrective structure within the descending channel is likely completed as recent break above the secondary downtrend line is completed. Indicators: The long-term MACD is indicating a strong reversal to the upside, as the MACD/Signal line rose in tandem with positive histogram. Stochastic Oscillator is seen rising steadily. 23-period ROC is positive and continues to rise. The directional movement index indicates strong bullish strength. Volume remains in a healthy expansion. Strategy: Buy spot at 1,497 or at pullback at 1,430. Target is at 1,723 and 2,200 (Long-term)