NYSE:A (Agilent) is about to take off to the next box
The Agilent Tech stock entered a rising wedge pattern from a initial downtrend, suggesting a continuation of the downwards movement in the next few days or weeks as the compression is reaching its end.
Agilent technologies is showing a double top formation at the ~51.62 resistance level. - Decreased volume on second peak - MACD and RSI divergence. Enter short and expect to take profits above the new ~49.35 support line.
Although the entry is in the daily, weekly timeframe also merges soon, potenial entry zone for long distance runner, if not, still a valid early trend entry on the small daily-weekly time-frames. hopefully the upcoming momentum will be enough to distance from current location and proceed to the higher timeframes trend potential.