Selling AGS at break of recent low.Ageas - 30d expiry - We look to Sell a break of 40.19 (stop at 41.42)
The primary trend remains bearish.
We are trading at overbought extremes.
A break of the recent low at 40.28 should result in a further move lower.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Our profit targets will be 37.11 and 36.51
Resistance: 42.65 / 43.40 / 44.60
Support: 41.60 / 40.30 / 39.20
Disclaimer – Saxo Bank Group.
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