Aegon
AGN to break downward?Aegon - Intraday - We look to Sell a break of 4.578 (stop at 4.757)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The primary trend remains bearish.
Trading within a Corrective Channel formation.
A break of the recent low at 4.585 should result in a further move lower.
Trading has been mixed and volatile.
Bearish divergence is expected to cap gains.
Our profit targets will be 4.131 and 4.031
Resistance: 4.750 / 4.800 / 4.900
Support: 4.600 / 4.450 / 4.300
Disclaimer – Saxo Bank Group.
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A new opportunity to go long with AegonAfter a good start at the beginning on 3 august, there was a buy signal on the bottom indicator RSI3M3 .
Until 12 august the price was rising very rapidly and gave a good return for all investors.
On the day that the earnings were published the price of this stock plunged back to the price of begin august and created a sell signal.
The price is beneath the start of august and will be setting a bottom before it will go up again.
To take advance of the following long setup, you must wait until there will be a buy signal (green arrow) in the RSI3M3
Before you start your long ride with Aegon, check also the ADT - DeMarker I & DT Bressert that all lines are in a uptrend and you have a green candle.
To earn a 20% profit on this stock will be possible.
Happy trading.
ADutchTourist
Aegon shortWe are currently seeing higher lows and comperable highs with the RSI moving towards overbought, around the 5.4 i expect there to be a short term pullback.Mid to long term still seems good, as aegon is undervalued (shown by their P/E ratio) in relationship to other parties in the same industry and the positive MA ribbon. As such my proposition is to hold long and buy short turbo/put options to cover short term movements.
For the exit strategy of the short position a filter rule should be applied. If the movement doesnt complete within 7 days of buying the short/put or if aegon breaks throught the next resistance level for more then circa 2 days the short should be sold.
Aegon moving upwardsAegon has lost alot of value after closing down/selling a part of there english brench. Looking at the history of Aegon it has always restored to atleast 5 but 5.5 has been hit often as well. The trend shown with the pitchfork isnt to be expected after 6.To summerise:i expect aegon hitting 5.5 coming down again and afterwards going up to 6 in the longer run. As i see selling of the problemsridden english brench as a good move. MACD is still positive on the weekchart.