AGL is currently showing sign of a reversal. Sign are as follows; - Agl at 2008 lows - Currently ranging between multi year support and resistance - Clear and concise market cycle structure - Macd showing reversal signal -200 Day Moving Average has yet to be retested - Bullish monthly candle close RR is excellent. Dividends are great.
Price is reach a long term monthly trendline however the large bearish candle could be a sign that lower prices are on the way. Confluence with the 1.272 fibb extension AB=CD pattern complete
ASX.AGL Buy at dip buy @16.80 or below
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.
AGL pays a solid dividend & looks a good buy, especially for long term portfolios. Decent entry is at current levels or if your conservative wait until major resistance level breaks. Minimum target level is atleast the last high of $23.00.
AGL with a possible Morning Star formed on 38.2 Fibs. Next Fib level is also a daily resistance area which if broken could see price continue with the previous uptrend. A Golden Cross is also about to occur. Buy Price: $20.60 - Just above resistance in anticipation of the breakout Stop Loss: $20.45 Target: $21.20 - The next level of resistance
AGL possible short term push. Currently sitting on support of ascending channel, possible 3-4% move to top of channel if it holds. Buy Price: $19.77 Target Price: $20.45 Stop Loss: $19.50 - Break of trend Relatively new to TA so open to criticism/feedback
Chart indicating that the bottom is potentially in here; positive indicator that the SP is above the WMA. Would be bullish if we see the top of the wedge broken in the coming weeks and/or an uptick in volume.
Quite likely the bottom is in and we're just consolidating before our next cycle up spotted this harmonic pattern also which is confirming my thoughts.
AGL has been looking good for a while. Showing a nice consistent recovery over the last 3 months that looks set to continue. AGL Energy Limited is engaged in buying and selling of gas and electricity and related products and services; construction and/or operation of power generation and energy processing infrastructure; operation of natural gas storage...
Bullish Falling Wedge. We currently have the heavy resistance of the EMA 50, MA50, EMA100, MA100 directly above. Looking for a double bottom to form in the next 3 weeks. Once we hit our double bottom we should break out of the wedge with a take profit target at the 38.2 Fib (23.36).
Bullish divergence between A/D and price trend and some massive buy orders a week ago hints that we are nearly done retracing. It looks like we definitely found a bottom on 20th of April, though I think we will retest it and form a double bottom reversal before our next bull run. Some additional points - We have already tested the 23.6% Fib multiple times and...