bottom today, page-19

The chart,technically, really tells part of the story of AGM's price behaviour and it doesnot look pretty so far on the basis of past performance .

Since a high of 118.5 on 9 May we have had 43 trading days where we have seen lower highs and lower lows on 34 days .In each rally and we had nine during that period the rally ,higher close from the previous day lasted all of one day!!! in each case.

Moreover since the beginning of July volume on an average daily basis has increased to over 4 million.

Lower price and increased volume,hmm?.

To-day AGM is struggling to hold a critical fib level at 73-75.

Next support/resistance at 68-70 then 60 and below.Would be diifficult to see the last one(below) unless there are further disappointments on keeping the market informed on a timely and transparent basis .

Make your own decisions.