On the above 2-week chart price action has appreciated 1600% since the life cross back in September 2009. A number of reasons now exist to be short, including:
1) A sell signal has printed (shown on 4 month chart below).
2) Confirmed regular bearish divergence.
3) The ‘pi-cycle’ market cycle top alert has trigged, indicating an end to this cycle.
4) The...
Allianz Technology Trust LSE:ATT has broken out and created a new all-time high.
Price is above the Weekly and Daily 200 moving averages.
What is interesting is that the last time price visited the daily 200 moving average was in July 2016.
Recently price took a trip back to the 200 moving average which is normal when a stock trends well for a long time.
The trip...