AGL Energy looks to Print a Rounding Bottom pattern which is Bullish.
Currently no definitive other patterns are seen. So this makes the Trend Stable IMO.
As the world will need more Energy in the Future, I see this going higher.
Follow the Larger Trend. Use 2 to 3 time frames to see the 15M, 4H and 1W Trend. Make your descisions based on the 1W and 4H.
I also...
the price movement is very impulsive. It has completed the wave 3 of a smaller degree which is now correction in terms of wave 4. If the price move according to this analysis , then the next price target would be $13.50.
Wave 4 is hovering just around the 200ma indicating that the price is go flat for a while. The next resistance to break is the high of the...
ASX:AGL AGL Energy is have been underperforming for long time , now for one year return is just 3.16%
Look the chart and notice
- double bottom formation on weekly chart
- higher high higher low formation
- no supply
- stock also above the key level of fib levels
disc: invested and tracking
Add more Moving averages to the screener to enable a more robust screening process for traders. This would be for weekly and Daily charts as the 200MA daily would be a 40MA on a weekly chart and that option doesnt exist, there is also no 150MA for Daily charts but there is the 30MA that can be used for weekly
AGL is getting ready for a pump. I am looking at the double bottom pattern to play out. The volume on last two sell days has been very low, and there has been a bullish divergence. Let's see where this one leads to...first target is $7.52.
DYOR and trade at own risk.
AGL has probably finished falling now, its actually not a bad investment at the moment, with downside risk limited, I doubt it would hold below these recent lows for very long if it went below them at all. AGL will transition to renewable energy over time, they are a business, not an environmentalist company, so I forgive their holding on to fossil fuels. they are...
AGL stock is a beautiful buy .
Currently will start a 5th wave journey to a price of 10 $ + where I would like to sell on trendline break .
Will start dropping to a 7$ price point after that for a correction of the big impulse.
Estimate date to reach that is Mar 23 . It will be a better buiying point .
AGL Energy has seen a steep downfall that started in August 2021 and lasted until about December 2021, trading at about AUD 16.95 in August 2021 and trading as low as AUD 5.10 in November 2021. It has however picked up some pace since then with a potential bullish trend that sees it trading at around AUD 7.5. Still a long way from where it was at this time last...
needs to break and consolidate above, 7.85 trend line for a bounce up to next line 10.42 for 25% gain, then IF hold that trend line can bounce up to next line of 14.25 for close to another 25% gain, 3-4 week time frame on each trend line
AGL
- First time doing a written analysis on AGL
- Stock has been in a big downtrend since April 2017 -> a drop of almost 80%
- God bless the long-term investors as their capital is haemorrhaging
- In all 3 markets (Australia, Malaysia, and US), there was a big crash in stock prices in March 2020
- Most of the stocks have recovered to above pre-Covid crash...
