AGF: keep trying bulls

AGF is visiting the resistance line again. On our chart, it is seen that last 8/23 and 9/9 this line has been tested but bulls failed to stay above it. Could this be the time it will be broken? Notice also that we have higher lows which suggests that while bulls are having a hard time breaking the resistance, the over all trend is still bullish. As long as the support will hold in case of a retrace, there is a greater change the resistance line will be broken. Bulls just have to keep trying.

Caveat!

One Response to AGF: keep trying bulls

  1. […] a good rally that broke the resistance line of AGF (AGF: keep trying bulls), we might see a correction on AGF. For those who are waiting for it to happen we have a […]

Leave a Reply