Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
BB, AIA has broken its short-term trendline and this would be taken as Bearish and a Sell signal by short-term traders (even though it was an unconfirmed trendline) because there was confirmation from oscillators as shown at the top of the chart. In fact, many short-term traders would have sold out at $1.87 on the basis of the Bearish "Shooting Star" candlestick numbered (1). See the long upper shadow? Buyers had carried the price up to $1.92 before strong selling pressure pushed AIA right back down to below the previous days Close negating all the days gains and more. It is not surprising that this was followed by a biggish "down" day, which broke the trendline.
If you are a longer-term investor, I wouldn't worry about missing all these "Sell" signals. Why not? Take a look at yesterday's candlestick numbered (2). This is a Bullish Dragonfly Doji. Selling pressure pushed the price down to $1.79 before it was met by keen buyers who carried the price back up again. Dragonfly Doji often mark downtrend reversal points. I'm not at all surprised that AIA is up today - $1.83 at the time of posting this.
What is the analysts expecting for AIA's up coming half yr profit?
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Macqaurie just downgrade its recommendation for AIA.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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What now..
Originally Posted by Dr_Who
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