This chart only shows price and some channels/slopes. We have both a down trending slope with bullish context as resistance has now become support but also have an up trending slope with bearish context as support is now resistance. I have highlighted the lines I am watching in green. I am just waiting to see which slope shows me that it is in control. I am...
As you can see we have bullish divergence in the MACD. The two previous times this happened, AGNC had nice rallies from their lows. Note also how present price action could also be forming a H&S pattern that has broke the neckline and appears price could be forming a hand suggesting lower prices are to come. IF lower prices do follow and MACD makes again...
AGNC is showing a large AB=CD pattern with an internal Crab pattern. Both patterns complete in the same price zone along with bullish divergence from the volume weighted MACD, so momentum is starting to swing up. AB=CD Measurments - .618 / 1.618 Crab Measurments - 1.618XA - 3.618BC
Looking for a possible move up. Looking for entry above today's high. Sports a nice 10% dividend.
Some stocks to watch this week: AGNC BGCP CACC BOKF
Technicals look very bullish on the weekly, daily and 4H chart as we broke and closed above the weekly resistance at $20. If price action meets your entry rules, you could enter anywhere in the range between the previous test of the lows at $19 and weekly support at $20. The only reason for concern is that on the weekly chart we might get a bearish outside bar...
STRONG BUY - AGNC - AMERICAN CAPITAL AGENCY CORP - NASDAQ AFTER A BIG DOWNTREND WE NOW LOOK TO BE BACK ON THE UP AND AT THE END OF WAVE 1 WHICH IS A NICE RISING WEDGE LOOKING TO BREAK DOWNWARDS THAT SHOULD GIVE US WAVE TWO (PLEASE SEE LINKED CHARTS FOR THE CURRENT BREAKOUT) ONCE COMPLETE WILL BE MOVING ON TO WAVE 3 WHICH SHOULD BE A NICE STEADY UPTREND WITH 12...
PLEASE SEE LINKED CHART FOR FULL ANALYSIS - WE ARE CURRENTLY IN WAVE 1 OF UPTREND AND LOOKING TO BREAKDOWN TO GIVE US WAVE 2. WE DO HAVE A 1-5 COUNT WITHIN THE WEDGE AND ABC CORRECTION SO IF IT DOES BREAK WE COULD GET IN FOR THE SHORT. LOOKS LIKE WE SHOULD OF COME A BIT FURTHER UP BEFORE THE BREAK THOUGH SO THERE IS POSSIBILITY WE MIGHT COME BACK UP THEN DOWN...
I will follow that daily /60 min triangle continuation in hope for continuation. Daily/weekly and monthly time frame charts suggest that we could see more then $20.50 target area, but for that we must have market support, good selling pace and volume and it is to early to know that at this moment.
At major S/R on weekly chart, making double bottom on hourly. If can hold support then go long. Otherwise short back to $21.09
It is a beginning uptrend I hope. At least it may have room for a good correction up.
AGNC helds well above December lows. So I hope that an upward correction will be in place, provided that the overall market outlook remains bullish.