Stockwatch: AGI
(AGI Chart as of May 14, 2009)AGI charts right now shows a pennant formation. Also, a doji candle was formed today.
If price will breakout from the pennant formation, then target price will be @ 3.20.
It is noted that 3.20 price is also the point where AGI breakdown from its neckline on head and shoulder formation last October 6, 2008.
With the doji candlestick formed today, I am watching how this stock will move tomorrow to confirm a pullback/reversal. But before entering this stock, I would like to see price goes beyond the 2.70 which is the previous high (May 11, 2009). And, of course there must be a huge volume to support its move to reach 3.20.
If price will breakout from the pennant formation, then target price will be @ 3.20.
It is noted that 3.20 price is also the point where AGI breakdown from its neckline on head and shoulder formation last October 6, 2008.
With the doji candlestick formed today, I am watching how this stock will move tomorrow to confirm a pullback/reversal. But before entering this stock, I would like to see price goes beyond the 2.70 which is the previous high (May 11, 2009). And, of course there must be a huge volume to support its move to reach 3.20.
2 comments:
Its too risky to buy, just wait for a little while.
yeah, it's risking just placing this on my stockwatch
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