AGL Energy looks to Print a Rounding Bottom pattern which is Bullish.
Currently no definitive other patterns are seen. So this makes the Trend Stable IMO.
As the world will need more Energy in the Future, I see this going higher.
Follow the Larger Trend. Use 2 to 3 time frames to see the 15M, 4H and 1W Trend. Make your descisions based on the 1W and 4H.
I also use the IMACD indicator to see the rate of change, also the CCI Stochastic.
Recent price action seems to confirm the Trend. Dedication will be required and is a +2 year Study.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Currently no definitive other patterns are seen. So this makes the Trend Stable IMO.
As the world will need more Energy in the Future, I see this going higher.
Follow the Larger Trend. Use 2 to 3 time frames to see the 15M, 4H and 1W Trend. Make your descisions based on the 1W and 4H.
I also use the IMACD indicator to see the rate of change, also the CCI Stochastic.
Recent price action seems to confirm the Trend. Dedication will be required and is a +2 year Study.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Note
Adding to Position +33%Note
Trend & Prediction is Working.Note
AGL Energy Price Target Raised 1.9% to A$12.05 a Share by Jefferies.Note
Click the Add Button to see More.Note
AGL Energy Target Price Raised 3.8% to A$10.69 a Share by Macquarie.Note
Momentum Positive.Raised Stop Loss.
Holding.
Note
Near Fair Value $12
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.