Triangle forming since the year 2000.
Good results today, but it's hitting overhead resistance at 470 established in 2002 and 2019.
No clear breakout yet and needs to add another 100p before it can start to consider a breakout.
The chart tells us it is facing a resistance at 306.50 after closing the gap.
It could break out and continue to go higher but the fundamentals are weak so it could possibly fake out a breakout, touch the upper channel (around 325) before plunging down again.
The all time low is at 160.10 last visited on Feb 09. To short, wait for the breakdown of the lower...
The short term support for the stock price of Aviva insurance Plc is now at around 400, but medium to long term reversal point is at 380
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
There's a couple of things in play on this chart. And I think we'll know by close of play tomorrow what's in store for Aviva.
1. Aviva rejected a climb back up early last week. At the time it was blamed on Trump's strike on Iran, impacting the insurance industry who are always itchy around risk. However.....
2. It continue to reject previous highs and had a...
I'm not from the future, but i can guarantee you this will move up to at least TP1.
Of course I'm joking, but I am definitely long here.
- Divergence playing out after 5 wave down move
- Close above kijun on the 4H renko > super saiyan signal
Aviva had a tight consolidation period in the range of 361.9 - 387.5 and has recently broke out of the resistance. This should continue to keep on moving in a bullish pattern so my game plan would be the following:
Trigger: 396.9
TP: 446.9
SL: 386.9
RR: 5:1
I am new to trading so don't take me for granted.
Due to the recent fall of Aviva, it may be worth investing in.
Using previous points of support and resistance there are two ways in which the market will go.
The shorter one will be a rise up to a previous level of resistance.
The longer one may be a shorting opportunity after which you can go long and make...
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...
Stocks and Gilts rose, but prices for industrial metals and the US dollar retreated after the minutes of the US central bank’s policy meeting were released overnight.
The initial reaction from many traders and economists to the Federal Reserve’s minutes was that a December interest rate hike was now quite possible, but for some – especially the former –...
