AGNC is showing signs of a potential pullback after a strong rally, facing resistance at recent highs. Based on historical price action, it could retrace to key support levels (Buy 1 and Buy 2 zones) before finding a new direction. This setup presents a good buying opportunity for those looking to enter at lower risk levels.
Why a Pullback is Likely?
Resistance Rejection: The stock struggled to break higher, triggering potential profit-taking.
Support Retest: Previous consolidation zones (Buy 1 & Buy 2) could act as strong support.
Market Conditions: Interest rate uncertainty could cause short-term volatility.
Overbought Signals: Technical indicators may suggest a need for a cooldown before the next move.
I'll be watching for confirmation before entering. Do you think AGNC will hold at support or break lower? 🚀👇
Why a Pullback is Likely?
Resistance Rejection: The stock struggled to break higher, triggering potential profit-taking.
Support Retest: Previous consolidation zones (Buy 1 & Buy 2) could act as strong support.
Market Conditions: Interest rate uncertainty could cause short-term volatility.
Overbought Signals: Technical indicators may suggest a need for a cooldown before the next move.
I'll be watching for confirmation before entering. Do you think AGNC will hold at support or break lower? 🚀👇
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.
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.