Alert for AGX
Despite recent Bullishness - Golden Cross still intact and price is above both TL1 and TL2, we would be cautious on current level as a negative divergence has sparked since late July coincides with strong resistance zone ahead with Fibonacci is now at 3.618. Overall, share is still in downtrend since May 2008. Holding long might want to place a trailing stop at 0.355, otherwise liquidate or reduce position at this level. New long is not advisable at this level, until the price is able to break 0.60.
Disclaimer: the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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.