IF A is famous and well known in the financial industry, they must know more than me. So following them is safe.
Could this sentence above be true ? YES AND NO.
A good example would be Jim Rogers has been asking or rather influencing people to buy sugar (he likes to carry sugar ratchets in his pocket during interviews) and say how bad agriculture market is , how old the farmers are in different countries , blah blah blah.........
Those who followed his call blindly say 3 years ago would have suffered a loss but those who bought recently , say 2019 would make some tidy profits.
The challenge is Jim is a billionaire and he has the holding power , able to sustain paper losses for years without compromising his lifestyle.
For most retail investors, a 10 -20% drop would likely caused insomnia, stress and inability to focus at work and family. So , we can't compare with the big boys with deep pockets.
However, on this Agenus chart, it appears there is a possibility of it going higher this year.
First thing first, it is supported at 1.58 which is the beginning of the trend reversal. Then , at 2.46 was the next level of support and buying opportunity. It hovers for nearly six months before it charge up and break the 3 dollar mark.
In mid Nov last year, it broke the bearish trend line and has a nice pull back at 3.50 and we are now at 3.85.
I expect the price to continue this bullish move towards 4.80. If it breaks above and closed above it, then we can see it revisiting the 6 dollar mark.
Could this sentence above be true ? YES AND NO.
A good example would be Jim Rogers has been asking or rather influencing people to buy sugar (he likes to carry sugar ratchets in his pocket during interviews) and say how bad agriculture market is , how old the farmers are in different countries , blah blah blah.........
Those who followed his call blindly say 3 years ago would have suffered a loss but those who bought recently , say 2019 would make some tidy profits.
The challenge is Jim is a billionaire and he has the holding power , able to sustain paper losses for years without compromising his lifestyle.
For most retail investors, a 10 -20% drop would likely caused insomnia, stress and inability to focus at work and family. So , we can't compare with the big boys with deep pockets.
However, on this Agenus chart, it appears there is a possibility of it going higher this year.
First thing first, it is supported at 1.58 which is the beginning of the trend reversal. Then , at 2.46 was the next level of support and buying opportunity. It hovers for nearly six months before it charge up and break the 3 dollar mark.
In mid Nov last year, it broke the bearish trend line and has a nice pull back at 3.50 and we are now at 3.85.
I expect the price to continue this bullish move towards 4.80. If it breaks above and closed above it, then we can see it revisiting the 6 dollar mark.
Comment:
Praise Lord, nice gap up!