Aviva SP : Just ---10 Aug 2014 14:02
A quick opinion on sp ----i did close @ 5.05 p after results and re-opened @ 496 p ( a little early it would seem ) ---- still in that current small downtrend from the the june 530's high but some good res. and supp. levels to work with now ---support comes in @ around 490 / 488 p , from early April and more recently mid July , early Aug. ----resistance is now obviously the dreaded 500 p level but more significantly the 510 p level ( Armani , can't see your 517 p res ? ) ---above 510 p and a case can be made that the small downtrend is broken . !! ----Fundamentals are looking very sound , as other posters have pointed out --- but from a technical perspective i would not rule out a drop to 480 p ( perhaps even just on an intra-day basis , especially if the Dow turns south again with all the Geopolitical pressures mounting ) ---- 200 EMA s down @ 480 p , and it's going to test its 200 EMA at some point , might as well be now rather than later -------50 EMA is up @ 509 p at the moment -----45 ish on the RSI , neutral MACD , Bollingers @ around 479 p and 517 p ( there's Armani's 517 p !! ) -- puts it all pretty much at the centre of the " universe " at the moment , looking north and south wondering which way to go next (lol) --If anyone knows for sure then pray tell (lol) ------I will most definately be adding on further drops a bit at a time , or on a break of 500 /510 p -----------The Markets are closed so no apologies from me for the length of this post (lol) --JMVVHO , DYOR , WTFDIKA ---GLA.