ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

This stock has begun another strange movement!

Share On Facebook
share on Linkedin
Print

Aa Plc stock (LSE:AA.) has begun another strange movement, following its most recent bullish attempt. The market dropped seriously in April 2020, moved sideways until August, broke upwards and moved sideways, only to threaten a bearish movement again.

This strange movement can result in a bearish signal once price breaches the upper Trendline to the downside and the RSI period 14 goes below the level 50. That would mean a bearish signal. However, in case price does not go below the upper Trendline,, and moves upwards instead to breach the resistance level at 40.00 to the upside, that would mean a clean bullish signal, especially when the RSI turns upwards and aims at the overbought region.

Whatever happens this week will determine what will happen to AA., whether it would go bullish or bearish. But right now, the market looks strange.

Trading realities: Trading realities

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com