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Yamit2000
Feb 8, 2019 5:37 PM

AIV waiting for the breakout of the round number. Long

Apartment Investment and Management CompanyNYSE

Description

AIV from the finance sector and life insurance industry
there's a clear convergence we can see on the daily chart, although on a weekly chart it appears to be too tense.
moving average 20 accompanies the recent increases,
50 level is appear to be an historical resistance area - it can be seen on a monthly as well as the annual chart.
if a breakout occurs, at least technically, the way is open to further increases (towards 60 area).
the volume is high and OBV supports the idea, on the other hand, RSI is too high.
I'll follow the breakout of the 50 level, it will happen sometime ...
long over 50 plus an approval candle, continuing high volumes along with an interesting fundamental information …it can be a nice celebration.
Who's coming? (-:
not a recommendation.
Comments
Yamit2000
still relevant.
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