AIV is testing its resistance where we expect to see a reversal down to its support. Stochastic is also testing its resistance.
AIV is approaching our first support at 41.69 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 44.71 (horizontal overlap resistance, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a...
AIV is approaching its support at 44.76 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 45.82 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 7.7%.
AIV is approaching support at 44.76 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 45.82 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching support at 7.12% where a corresponding bounce could occur.
13-03-17 42.75 40.94 46.86
42.75 40.94 46.86
AIV seems breaking out a downward channel. Therefore technically it looks a good long opportunity from current label to $51 area. You can check detailed analysis on AIV in the trading room/ Executive summary link here- www.screencast.com (Available to subscribers) Time Span- 31:20" Trade Status: Pending
After some retracement the price is bouncing on a key area. Due to fundamental reasons i expect the bullish rally to continue a this stage. Good Luch