Trade ideas
AGST.N0000Closely monitor on Buy Zone
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AGST.N on My ViewAfter Trendline breakout it is on consolidation phase. created good base at 11 zone. need a good breakout from consolidation region for a good run.
AGST.N - AGSTAR PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:AGST.N0000
AGSTBroken down from a descending triangle and now made in to a falling wedge.
4hrly RSI shows bullish divergence!
AGSTFollowing the failed retest of the Descending Triangle pattern after its breakdown on February 10th, the stock is attempting to consolidate around its 200-day moving average. If the stock is unable to find support around the Fibonacci 0.618 level, it may continue to move towards its previous lower low levels, and possibly even towards the Fibonacci 1.618 level and beyond.
Without the creation of a proper uptrend, the stock may carry risk for traders who are uncertain where to set their stop-loss.
If there is a break above the long-term trendline, coupled with a bullish divergence on the Relative Strength Index (RSI), it may indicate a potential reversal of the bearish movement of the stock.
AGSTThe stock has recently bounced off its 200-day moving average, and is currently testing the lower boundary of a descending triangle pattern. If the stock manages to break through resistance and close above 15.60, this could signal a continuation of the bullish trend. Conversely, if the stock fails to break through and encounters resistance around 15, this could indicate a bearish reversal.
