Weekly Chart #ASX #ASX200 #Stocks #investing #trading Hi all,
I like this candlestick pattern.
Something to keep an eye on.
Wait for consolidation.
It might become a good opportunity.
Enjoy!
AGL trade ideas
AGL Short after it broke out of previous low after consolidationEntry: 8.51
Stop loss: 8.69
Shorted the counter after it broke out of its previous low with volume and backed by the orderly SMAs.
AGL.ASX_Range Breakout Trade_ShortENTRY: 8.59
SL: 9.23
TP: 7.86
- ADX>20
- RSI<50, RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range with good volume on 13 Apr 2021
AGL.ASX_Breakout Trade_ShortENTRY: 9.25
SL: 9.75
TP1: 8.68
TP2: 7.86
- ADX>25
- RSI<35
- RS and FFI -ve
- MACD -ve
- Breakdown with good volume on 16 Apr 2021
AGL time to buyOne 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. Hold this bad boy for the next 10+ years.
AGL BreakPosting for interest. dealing with a tight, ugly MACD for a short time, 1D confirmation 16th April. I'll be back to see what happens
AGL Short after it broke out of its multi year lowEntry: 9.19
Stop loss: 9.44
Shorted the counter after it broke out of its multi year low accompanied by above average volume.
AGL still in a downtrend - wait for a breakout from the trend line once a good bottom is established
AVH Possible PennantI 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.
AGL - UpdateG'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 makers wants. That being said I do believe the bottom is close (Temporary Bottom).
Give me a follow and a like and I will supply you with more money. and comment on what TA you want to see next.
AGL How far to support?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.
AGL LONGHit rock bottom , in a falling wedge, found support, Inverted Hammer on the daily yesterday indicating a reversal. Oversold territory.
Strong Bullish Price Action - New Buying OpportunityBullish trend confirmation indications:
1. Descending Wedge Pattern Broken.
2. Impulsive price action at the break of the wedge.
3. Price Broke the Squeezed Wedge with High Volume.
4. Price has retraced to the broken resistance zone, which is now Support.
5. Price Action shows Bulls are in control.
5. Good Buying Opportunity and very good reward potential.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
AGL - Insert something witty..AGL is currently showing sign of a reversal. Sign are as follows;
- Agl at 2008 lows
- Currently ranging between multi year support and resistance
- Clear and concise market cycle structure
- Macd showing reversal signal
-200 Day Moving Average has yet to be retested
- Bullish monthly candle close
RR is excellent. Dividends are great.
AGL - REVERSAL SET UP - BUYPrice is reach a long term monthly trendline however the large bearish candle could be a sign that lower prices are on the way.
Confluence with the 1.272 fibb extension
AB=CD pattern complete
Ready ? AGL has been making higher lows & lower highs, a sure sign that it will burst out of the trendlines. It has burst out of the iChimoku cloud but is just below the 200 DMA which is at $21.61. A break & close above that price will be potentially bullish. I do not own it but my bias is to the upside.
AGL - This Could be a decent entry PointAGL pays a solid dividend & looks a good buy, especially for long term portfolios. Decent entry is at current levels or if your conservative wait until major resistance level breaks. Minimum target level is atleast the last high of $23.00.
