AGF may test the newly found support

After 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 possibility that it may test the newly found support based on the Shooting Star candlestick we are seeing now. But don’t forget its green candle and not a red one.

The shooting star is made up of one candlestick (green or red) with a small body, long upper shadow and small or nonexistent lower shadow. This needs confirmation on the next day by way of a gap down or a large red candlestick closing below today’s close. Red candlestick is bearish than green one.

Caveat!

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