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Sunday, January 31, 2010

AGI: Breakout from 2nd Pennant


AGI breakout from 2nd pennant with nice volume...

Buying criteria
1. breakout from 2nd pennant
2. breakout from 16-MA
3. 16-MA crossover 32-MA -> buy signal

Measuring the pole of the 2nd pennant... 5.00 - 4.55 = 0.45... now measuring current price 4.65 + .45= P5.00...

If it breaks the P5.00 resistance... the next target price is 5.30

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