Irish Bank, AIB looks like there may be a short to swing trade opportunity in the making.
The shorter charts are a bit random, but I found this 10 min leading positive divergence to be interesting considering where AIB is.
As you can see, AIB is sitting right on some old support, therefore you have a nearby stop, I wouldn't use the exact trendline in case of a shakeout, but the set up here seems to be a fairly decent risk:reward opportunity.
Remember to check dividends and the ex-div. date when shorting companies as you will be responsible to pay the dividend if you are short when it goes ex-dividend.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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