Will AGI rally this week?

Weekly: The weekly chart tells us that AGI is not all bullish. It showed a weak bearish signal this week via Kijun Sen Cross and Chikou Span is about to agree with the sentiment. Will there be more bearish signal to appear this week?

Daily: The Piercing Line pattern we see on our chart may signal a spike for AGI but take extra care when entering as some traders may use this moment to unload. There is also a chance that price will continue to go up and be attracted by the Kijun Sen line. Notice that this line currently move in a horizontal line. If this will continue to do so, price may come near this line, thus creating an upward trend to 24.8

RSI or Relative Strength Index is currently pointing up from oversold level.

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.

One Response to Will AGI rally this week?

  1. […] Piercing Line we saw last Friday marks the ascend of AGI for two straight days and as we mentioned, the Kijun […]

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