AGK agl energy limited
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AGK seems to have rejected the resistance at $16 and has fallen...

  1. LES01
    111 Posts.
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    08/09/13
    21:42
    Post #: 12303407
    AGK seems to have rejected the resistance at $16 and has fallen through strong support at $15.74. Furthermore, AGK seems to have a high ratio of sellers to buyers, stoch is giving a sell signal, RSI confirming overbought status, and with MACD generating a sell signal with arguably a bearish divergence with the histogram. Longterm, AGK has a lot to offer but short term, looks like it may fall to the $15.27 / $15.10 level where I would expect to find strong support - 14day SMA also sits in this area providing further support.
    AGK Price at posting: $15.62 Sentiment: ST Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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