AGI already at oversold level but price still falling

AGI didn’t bounce from the point where we speculated (Interesting bounce points seen on AGI), instead it continue to drop and is now nearing its 200-day SMA line and currently kissing the 38.2% Fibonacci Retracement level. During the morning session it showed some bullishness as it trades at 23.95 – 24.00 which could have closed with Harami pattern but during the afternoon session we have seen a selloff followed by big volume. Current candlestick doesn’t show any bullishness. Let us see what AGI will bring tomorrow. Relative Strength Index or RSI continue to drop and is already at oversold level.

Caveat!

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