agt_cat

agt_cat

Monthly timeframe draws a macro descending resistance going back to 2007. This line has meant a significant bounce each time price touched it. This time the resistance is coliving with monthly ema 200 which brings me to expect another bounce although this time it might not be significant. Price is moving upwards inside an ascending paralel channel for few weeks...

agt_cat

European stocks are currently struggleing with support levels and this descending triangle on AKA make it look like it may try lower prices. It might find support in any of the two printed areas since volume is not dropping that much for now. We'll have to wait if it is capable of exiting the triangle on the upper side after touching any of both. Let's...

agt_cat

I see volume is decreasing, has already surpassed last suport and I see a probable retest of the weekly EMA200 that even is at the same prace of the Weekly EMA 9. This could only be plaussible if we are not talking about a fake break of the 57,94 suport. I expect price to bounce on EMA200 :) Let's see if I'm right!