AsimMirzaTrader

AGL - Trade Plan

Long
ASX:AGL   AGL ENERGY LIMITED
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 these are my own notes, by no means trading advice. Please do your own research before entering into any trade.