Long
$AGN - Watching for position
AGN has been moving well through an uptrend for the past month or so. This is the first time in the last three jumps that the consolidation has been sideways movement versus the consolidation period after the other jumps were more downward movements. This is showing stronger strength in supporting this uptrend. This moving closer to the lower 25% of the Anderson pitchfork promoting some pressure in the upward direction. The channel is currently sitting between $182.50 and $187.50, but the price has been recently forming higher lows over the past few days. It looks like the next leg up will be after breaking the 187-188 area. In the meantime, I am expecting a quick drop to 184 or 184.50 before testing the 187.50 area. Once 187-188 finally breaks, I believe next strong resistance will be around 190. Breakout should happen this week.Trade active
Entry Price: 188-188.25SL: 185
PT: 194+
Looking solid. Should have a nice day of consolidation tomorrow between 190-192. Next run will take place after 192 break
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.