" What a difference a day makes " ---- was a good song way back when but not good for the likes of Aviva .Just goes to show how subjective technical indicators can be & usually are . Tumbling markets do no favours tho' , i'm afraid , to already " fragile " share recoveries !!! -- No excuses from me --- if the 440/41p had held i'd have been correct --- it hasn't held atm. and so taskmaster's lower levels may be seen . We do have recent support tho' now around the 430p marker so let's see it that holds !!! If the Ftse100 can hold above 6800 then everything has a chance !! --
Yes , some truth in what you say ---- but , personally, i don't see it as quite that negative !!! --- It can afford to consolidate to around 440/441p and still be in the current uptrend . Not actually overbought on the standard rsi , standing at around 67 atm . but starting to turn down tho' , as is the fast stochs. ---- No neg. divergence quite yet on macd but very close & top bollinger stands up at around 455p . 200 dma comes in around 437p & PA is well above that as well as the 12 & 26 dma's.----
So i don't see it as all that bad atm except for those low volumes that we both agree on ----- it probably will consolidate as we both suspect but as long as it holds onto that 440p level , then the games still on as i see it atm . !!! -- It'll probably drop like a stone on monday now (lol) ---- if it does you have my full attention !!!.
This looks so overbought now, lower low and high today, super thin volume, it takes a lot of pilgrims to fill big short orders and it's getting close. Hottentot, stoch looks overbought + neg divergence (macd) ...also up against the Weekly 200ma again. Running on fumes ?
A two day close above 450p with a good recovery today from the lows --- I have to agree with taskmaster tho' i'm afraid on the volumes ---- Pity this happened going into the week-end but hey-ho it's got a good chance now !!. Indicies are all a bit stretched atm as well --- i'm Short the Dax after a very good run up this week . I see short term weakness only tho' atm & Ftse100 holding above 6900 into the close was encouraging. Exane reiterating 400p again , i see ( t***p**s lol) ---
One of the main BUY tips in tomorrow's Invetors Chronicle:- Shares in Aviva are trading in line with its forecast net asset value per share for 2017 and on 8.7 times next-12-month Bloomberg forecast consensus earnings. This is a discount to all its peers, with Standard Life on 12.1 times, Prudential on 10.9 and Legal & General on 10. The discount may be because the group has been slower to shift towards asset management work. However, with this work now well under way and a sizeable, well-covered dividend on offer, we think the discount looks increasingly unjustified. Buy.
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