AGL.ASX Energy Stock looks to Print a Rounding Bottom.
Updated
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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