StockWatch: AGI
I bought AGI last week @ 3.65 because I saw the falling wedge pattern. I was at first skeptical because it seems to be early to breakout from the wedge since it has only three touching point. Anyway, I still took the risk partly because I read in the paper that AGI has launched a buy-back program.
After buying @ 3.65 I set my target price @ 4.15 based on my wedge pattern. So last Friday, I posted @ 4.15 and it got matched.
AGI last Friday closed @ 4.65 with a very tall white candle. It seems AGI is aggressive in its buy back program campaign.
DOW ended in read last Friday so I wonder if AGI will do a pullback tomorrow. I wonder at what point will AGI pull back. I measured the retracement 50% - 4.25 or since it's bullish might retrace only at 38.2% - 4.35.
Anyway, let's see how this stock move - I'll definitely be watching this stock.
6 comments:
I'm also a programmer, but I'm a buy and hold type of trader though.
I'm more into psych analysis, search and buy for bargain stocks (Relatively Low P/E ratio)
Philippine Stock Exchange
Hi,
I've read that true chartist do not care what company they are betting on as long as they see the chart values.
How much % in gains have you made so far?
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Happy Trading
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