Hi guys! This is my first published chart. As you can see it is touching the resistence line so the price could go up in the future.
Things to consider:
the exponential moving average shows that the price is below the line
RSI is decreasing
Volume decreasing constantly
If the trend reverts the target will be 230.
It has completed the final trend wave and it is heading for the final correction wave. Those who still holding their position may want to withdraw while waiting for the final correction wave to complete. We may also see a 30% significant drop in 2 to 3 years.
Allianz just announced excellent quarterly Earnings over analysts expectations and good guidance.
Thus we saw a 2+% jump after ER day, but got crumbled by bad future market leaving the 2 important supports EMA 50 and SMA 200 behind.
ALV trumbled months back in a short downtrend which still isn't completely out of fokus but the stock has proven to keep above the...
Allianz Technology Trust LSE:ATT has broken out and created a new all-time high.
Price is above the Weekly and Daily 200 moving averages.
What is interesting is that the last time price visited the daily 200 moving average was in July 2016.
Recently price took a trip back to the 200 moving average which is normal when a stock trends well for a long time.