BREAKOUT... NEXT STOP $13, page-27

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Phillipho

635 Posts.

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24/05/23

23:58

Post #: 67948717
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Originally posted by 925mug: ↑

Phillip,

The share price trend is showing signs of strength. The MACD is moving lower, but whilst the blue line is below the red line it doesn't indicate a trend changing to weakness. The slope of the blue is shallow, hence I say it will be a mainly sideways trend for a short while. The Bollinger bands also indicate a sideways trends as they are narrowing. The deviation from standard is reducing hence the narrowing bands. The RSI has dropped from oversold, but it doesn't seem to be going to 50, hence it's not indicating a sell.

My interpretation is the share price will slowly move upwards. There's a major announcement due on the 1st of July, not just for AGL, but all electricity retailers, when the price of electricity is due to increase by 20%. These things are never fully factored in to share prices. Take Elders for example, price was slowly declining up to release of expected negative annual report, and the share price had a big drop when report was released. I expect AGL price will jump in July.

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any update on the TA? seems to be resistance at $9?

AGL Price at posting: $8.96 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $10.47		Change 0.065(0.63%)		Mkt cap ! $7.040B

Open	High	Low	Value	Volume
$10.50	$10.58	$10.42	$5.393M	514.9K

Buyers (Bids)

No.	Vol.	Price($)
49	8451	$10.46

Sellers (Offers)

Price($)	Vol.	No.
$10.47	1293	21

View Market Depth

No.	Vol.	Price($)
22	3065	10.470
35	9056	10.460
39	18916	10.450
19	10824	10.440
15	20804	10.430

Price($)	Vol.	No.
10.480	2949	19
10.490	6948	13
10.500	26014	20
10.510	8840	11
10.520	19091	12

Last trade - 13.28pm 18/06/2025 (20 minute delay)

AGL (ASX) Chart

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BREAKOUT... NEXT STOP $13, page-27

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