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CyclingTrader
Feb 13, 2017 10:33 PM

Aviva meeting long term overhead resistance Short

AVIVA ORD GBP0.328947368LSE

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Aviva have been channelling down for some years and is currently in a rising wedge about to meet the long term resistance. I would expect that it will turn at the resistance and fall given how established the resistance is.

The alternative scenario is that it is about to break major overhead resistance and would be a fantastic long position, perhaps I am pessimistic but I think the short is the percentage play.
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