AVENG continues its slow walk to nowhereAVENG is in a long term range bounded area.
It's been coming down for years on a slow and steady declination of a trend.
I've even put the time frame on weekly because daily is just not active.
By the looks of it, the next target could ease down to R4.00 then R3.50.
Not a traders haven choice and many platforms do not even offer this.
AEG
50ma weekly strength - close to trend line 786 retrace possibleLooking to bounce from around this level or just under where 786 fibs lie at around 2.84p also where there is previous resistance
CCI is getting quite on oversold area.
Looking for a bounce to at least 50% retrace & possibly the 200ma as 1st target.
Unbiased view as I do not hold any shares...yet!!!
WATCH for entry at 0.786 fibs - reversal tradethe fib level 61.8 seems to be holding quite well and 200ma approaching plus we got 2 different resistance areas - look left -
but personally I would wait till it settles and opportunity comes when CCI / MACD crosses towards the upside as I feel this dip might not be the only one.
aegon stradleI expect aegon to carry on moving within the tradingrange it hit last year. this allows for money to be made using a straddle. As the CMF, a indicator for volume, is still positive i expect it to first bounce at 5, hit 5,5 and then go back again. over the last 3 months we saw that financials had high returns, i do not see a change in the short term for this. furthermore i expect a push for the AEX To hit 466 before christmas