AGL 0.65% $9.33 agl energy limited.

What chart are you looking at, the hourly, daily, weekly or...

  1. 3,359 Posts.
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    What chart are you looking at, the hourly, daily, weekly or monthly?

    I think you're talking about the daily green upbar on the the 30/11/21? If you break that down to an hourly chart you will see 40 million shares went through on the close.....
    https://hotcopper.com.au/data/attachments/4012/4012152-2eb49aa355cb8a0dbbd50cc0e270e906.jpg
    https://hotcopper.com.au/data/attachments/4012/4012155-620ef8c19e5520bb25a39c9895377ff5.jpg



    And look that was an upday and weakness is usually seen in up bars. So that had me worried, but it's now getting close to 2 months old, so that was buying, but it's only the daily chart. when we zoom out to the monthly chart September eclipsed that trading by some 40 million shares. Someone has taken a huge stake in AGL over this time, retailers didnt buy 40 million shares in a 10 min close on 30/11/21 and retail holders didnt buy close to 200 million shares in September and that certainly isn't just churn and burn. This is a classic end of a falling market signal.

    However, I realise nothing is ever 100% guaranteed so please just spit out what you think this means and where you see the SP in the coming months? As you're not being clear to me? As I said above this current pullback sits perfectly at the $7.50 level and markets doing a jittery dance atm overseas, I wont ride this back down but I will keep a close eye on it, and will let it pull back and recover.

    https://hotcopper.com.au/data/attachments/4012/4012158-ea9ca08ef7bff304875e43e31330a54a.jpg

 
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