AGI may correct, opportunity to buy

After the rally that brought AGI to 127.2% Fibonacci Retracement level looks like it is now on its way for correction. Price may find support at 28.30 per share but if this will be broken the 27.72 is our next support where Kijun Sen line is waiting. This line may pull the price down.

Looking at the Ichimoku elements, we could say that AGI is still in an upward trend and any dip at this time is an opportunity to buy or add more shares. Notice also that the Kumo is moving upward and is green.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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