ASX:AGL AGL Energy is have been underperforming for long time , now for one year return is just 3.16% Look the chart and notice - double bottom formation on weekly chart - higher high higher low formation - no supply - stock also above the key level of fib levels disc: invested and tracking
JSE:AGL broke out of a long term descending triangle and has triggered our long position with today's price action so far. We are looking at a target around the 664 area with our stop loss just below the bottom of the triangle at around 538.
All three of our momentum indicators have crossed downwards on JSE:AGL . It is looking good for a short position. Target levels around the support area of late September 2021.
Good Day Ladies and Gentlemen, This one goes out to the average retail trying to make sense of this crazy market. In no way is this chart supposed to fearmonger, however it is important to truly understand not only are you investing in a company when you buy shares you are also investing in the crew that runs it. Its not hard to believe so many investors are...
AGL looks like it has broken out of its long term downtrend and is expected to head higher. The break of the Bearish trendline coupled with High Volume and huge MACD Bullish Divergence confirms that it is expected to move higher. I am bullish AGL with a target of $10.70 and it may even go much higher towards the strong Resistance level of $12.00. Please note...
As indicated previously - see post below - Anglo American is ready for a pullback and is now gaining momentum. Still looking for a test of R400 to determine what is next.
We were looking at a markup in Anglo American - see post below - but with declining interest in the stock, divergence on the volume RSI and break of the 50 Day SMA I think this stock is ready for a pullback probably to R400.
ENTRY: 8.59 SL: 9.23 TP: 7.86 - ADX>20 - RSI<50, RSI>30 - Daily RS -ve - Daily FFI -ve - Daily MACD -ve - Weekly RS -ve - Weekly FFI -ve - Weekly MACD -ve - Breakout from range with good volume on 13 Apr 2021
ENTRY: 9.25 SL: 9.75 TP1: 8.68 TP2: 7.86 - ADX>25 - RSI<35 - RS and FFI -ve - MACD -ve - Breakdown with good volume on 16 Apr 2021
AGL SUPPORT AROUND 9 - 9.66 if it breaks it will feather down expected
G'day Ladies and Gentlemen, AGL - Has confirmed a further target breaking with the breaking of the lows. If the bears can hit their targets I would expect a bottom to form somewhere in the buy zone. If that is the case the targets have been listed on the chart. Remember AGL is in a bear market. Which means the trend can continue for as long as the market...
After some consolidation that started in April 2019, there has been a spring, break out of the trading range, backup and now the markup phase. After a pullback, the stock is again being pushed higher to likely new highs.
Following a stochastic, MACD and EMA momentum strategy, AGL is showing two of the three confirmations for a short, if it trades lower today and the EMA's cross, I will take this as confirmation to enter a short position.
JSE:AGL has formed a flat-top triangle and it is looking like we might see a bullish breakout soon. If it breaks through the top of the triangle, I will consider going long with a target around the previous highs of mid-August.
Going bullish here based on the QML and the Fibonacci retracement
AGL has been making higher lows & lower highs, a sure sign that it will burst out of the trendlines. It has burst out of the iChimoku cloud but is just below the 200 DMA which is at $21.61. A break & close above that price will be potentially bullish. I do not own it but my bias is to the upside.