Good Day Ladies and Gentlemen,
This one goes out to the average retail trying to make sense of this crazy market. In no way is this chart supposed to fearmonger, however it is important to truly understand not only are you investing in a company when you buy shares you are also investing in the crew that runs it.
Its not hard to believe so many investors are...
AGL looks like it has broken out of its long term downtrend and is expected to head higher. The break of the Bearish trendline coupled with High Volume and huge MACD Bullish Divergence confirms that it is expected to move higher. I am bullish AGL with a target of $10.70 and it may even go much higher towards the strong Resistance level of $12.00.
Please note...
One of my largest holdings. I think the upside potential on this is huge long term. Bullish divergence on a weekly TF. Bottom is close to being in for this. Energy sector has been beaten down despite the COVID recovery of most other sectors. Dividend is decent too. Company beginning to invest heavily into renewables and looks well poised to move into the future....
I have been following this company for a few months now waiting to see if it can find a bottom to its downtrend.
Could this be a double bottom reversal and now forming a Pennant continuation?
I just enjoy working on my analysis and am always working to improve.
G'day Ladies and Gentlemen,
AGL - Has confirmed a further target breaking with the breaking of the lows. If the bears can hit their targets I would expect a bottom to form somewhere in the buy zone. If that is the case the targets have been listed on the chart.
Remember AGL is in a bear market. Which means the trend can continue for as long as the market...
looks like the volume of the downward trend still hasn't played out. looks like consensus price is around $11.00
waiting to see the Dividend price which may have a significant affect on future price.
