AV. (Aviva)

[FTSE Beater]

Hi all

I was having a look through the FTSE 100 companies and AV. jumped out at me

500 looks to be the critical level again. On the 60 minute chart there is also a few down bars following the test of 500.
The only worrying thing with this is the current strength of the FTSE at the moment.

As always DYOR

 

[bonsai]

there is an important fib at 538 which it has failed twice.
after that more overhead at 550.
it has also broken its trendline from the low around 334

are you just being coy?

 

[Gaffs1964]

ok, so looking at this chart, if the price breaks 500 were looking at a target of 540 with a stop of 498ish?
Or do you expect the price to bounce down off the 500 resistance line? if so would the target be 468? or more at 415?

Wait & watch?

Rich

 

[bonsai]

prefer to wait for a break above 550+.

Its been ranging for a year and could continue to do so.

but a break out could run to 700+

unless 470 holds on a second test with some volume.

 

[barjon]

the 500 area is double resistance - comes up against the 29/8
low and fib50 of the 18 - 30/9 down move. A break through it
would be encouraging but not a lot to go for given the 538
ceiling.