CyclingTrader

Aviva meeting long term overhead resistance

Short
LSE:AV.   AVIVA PLC ORD 25P
Aviva have been channelling down for some years and is currently in a rising wedge about to meet the long term resistance. I would expect that it will turn at the resistance and fall given how established the resistance is.

The alternative scenario is that it is about to break major overhead resistance and would be a fantastic long position, perhaps I am pessimistic but I think the short is the percentage play.

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