Medium term view - AVIVA (ex. CGNU) : Pull-back
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at 471.52 p. It can resume at anytime towards the target at 639.59 p.Arguments :
- Prices are pulling back to the support level (previously a resistance). The rise will resume afterwards.
- Prices are pulling back to the rectangle, they will resume their rally afterwards.
Aviva is a holding company. Through its subsidiaries, Co. provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Co.'s long-term insurance businesses provide a range of life insurance and savings products, which include annuities, equity release, pensions, protection, bonds and savings, and investment sales. Co.'s general insurance business operates under the Aviva brand and focuses on personal lines, commercial lines, health insurance, and corporate and specialty risks. Co.'s Aviva Investors, its asset management business, provides asset management services to Co.'s long-term insurance and savings, among others.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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