At the start of October one of the stocks that looked very attractive to me was Allianz.
This is a German multinational financial services company and one that is potentially attractive in a rate hiking cycle.
Generally speaking, higher interest rates benefit financial services companies, so that was why the companies’ strong seasonal pattern caught the attention.
Over the last 25 years Allianz shares have returned an average of 9.39% return. It was these strong seasonals that prompted an Allianz long.
The shares were purchased from daily support and sold at daily resistance for a return of over 6%.
What seasonal patterns are you missing out on by not using Seasonax!
Remember, don’t just trade it, Seasonax it!
