I wonder if the Canadian Pension Fund might have another look at AIA some time in the next three years?
;)
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I wonder if the Canadian Pension Fund might have another look at AIA some time in the next three years?
;)
I guess I should know better than to prolong this "debate" but last time, if I recall correctly, it wasn't a matter of price ( or "cash") foiling the bid, but of govt interference.
;););)
Any reason its up seven cents today?
AIA gave a buy signal 4 days ago when it broke above its confirmed trendline. It had already broken above the OBV trendline (small green arrow) but this was caused by the OBV simply tracking sideways so was of little consequence at that time. You can see that the OBV is now rising,(large green arrow) confirming the price trendlinebreak buy signal.
This entry should be tightly monitored. I have drawn a tentative trendline which could be used along with candlesticks and short-term oscillators to exit this trade should it turn against you.
http://h1.ripway.com/78963/AIA120.gif
SP has Been climbing lately, surly it just not because the charts are saying buy?
Don't confuse cause and effect BD. Charts merely detected the initial change in market sentiment toward AIA, they didn't cause it. I guess, though, that if enough people used TA that could perhaps contribute to some degree of subsequent follow-through.
AIA has always been a particularly well-behaved stock with regard to TA. One old thread is even titled "AIA Chart Perfection".
This chart contains some particularly nice, clear examples of divergence. "The book" (Murphy) states "A divergence between an oscillator and the price action when the oscillator is in an extreme position is usually an important warning".
See how a Bearish divergence (price making higher highs, RSI making lower highs) gave perfectly timed notice of the end of AIA's uptrend well before any trend indicator.
See how recently there have been several Bullish divergences as the price made lower lows but the RSI made higher lows. Bullish divergences are commonly followed by a significant price rise.
Note that the tentative trendline referred to in my previous post has now been confirmed.
http://h1.ripway.com/78963/AIA128.gif