Jump to content

Standard Life Aberdeen PLC (LON: SLA) - Analysis


Recommended Posts

Hi,

I'm fairly new to the community and I've started out looking into stocks I'm familiar with. One of these is Standard Life Aberdeen PLC (LON: SLA). In the screenshot below you can a general (albeitvery gradual) uptrend on the Daily chart since late-March 2020 which I've highlighted in Green. However, since mid-February 2021 there has been an intra-trend move downwards (highlighted in Red) and these points look set to cross in the coming days.

Daily Chart

image.thumb.png.9295b3f1c42d04b94ae52551dc30baa4.png

Thoughts

My natural bias is towards being bullish on this stock. But I'm waiting to see how the shareprice behaves over the next week. So I'm interested to see what other think on this stock and if there are other factors you think are important to consider?

 

Have a good weekend anyway folks.

Link to comment
  • 2 weeks later...

Update

Having traded sideways over the past couple of weeks the price approaches to top of the intra-trend downward move (as discussed in the original post). My view is that the uptrend is holding and I have taken a long position in this stock.

Daily Chart

image.thumb.png.c437e908e686ad56a4944b10183784aa.png

Thoughts

As the price has broken through the downward trendline and held at support trendlines (highlight in yellow) this feels like a good buying opportunity. Additionally, at around the 270p price-level there has been continued support.

The stop loss is set at 254p which is the 13-May-2021 low for the day. The target is 330p which is in the region of the late-February/early-March highs.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • The digital landscape is undergoing a profound transformation as attention, once a freely given commodity, is increasingly recognized as a valuable asset. Layer3 is at the forefront of this revolution, pioneering a new economy where attention can be owned, traded, and monetized   This innovative approach empowers individuals to monetize their engagement, providing unprecedented control over personal data. Simultaneously, advertisers benefit from transparent metrics that optimize campaign performance. Content creators are presented with diverse revenue avenues beyond traditional advertising, while the overall ecosystem experiences a more equitable distribution of value.   The implications of Layer3 extend across various sectors. Social media platforms, for instance, can leverage this technology to revolutionize user engagement and monetization strategies. Tokenomics play a crucial role in driving Layer3's economy, incentivizing participation and rewarding value creation. While challenges such as data privacy and market volatility exist, the potential benefits of Layer3 are immense   Anticipation is building as its native token $L3 is on Bitget Pre-market as users await its listing on the exchange. This milestone is expected to significantly increase the token's visibility and accessibility, potentially driving substantial growth and attracting new investors. As the countdown begins, the crypto community watches with keen interest, eager to see how Layer3 will perform in this new chapter.
    • I've been exploring the world of play-to-earn gaming recently, looking for something that's not just about endless grinding but actually offers a fun and rewarding experience. OGC really stood out to me because it combines gaming with a sense of community in a unique way. OGC isn't just a game; it's a platform where you can play, earn, and even help shape its future. You're not just a player; you're part of a community with a voice. The idea of earning crypto while playing games is exciting, but what makes OGC special is its focus on community involvement. Your feedback can directly influence the development of the game, which is a big deal. I've also heard that the OGC token is available for pre-market trading on Bitget. While I'm still getting to know the platform and its features, it's definitely something to keep an eye on. Has anyone else tried OGC? What has your experience been like? I'd love to hear your thoughts and any tips you might have.
    • I am anticipating the impact of this listing on Mongy. 
×
×
  • Create New...
us