AGI has been one of the most battered stocks since April this year! For the past 7 months, we have seen AGI drop and drop and to even drop further. As what I always say in our technical analysis sessions, our goal is not to buy stocks when they are falling but rather when they have fallen are about to reverse back up.
Looking at the chart above, it seems like AGI has formed a good buying base at around 23 Pesos per share. As a trader and investor, what we need to look out for now is the price range near 25.60 Pesos per share. If AGI goes above that and stays above that price range convincingly, it will do something that it has not done in the past 7 months, that is — to escape from a downtrend!
Watch 25.60, if AGI goes above it and stays above it, we’ll we may just see it move up again and finally start to reverse and trend up! I hope this chart would significanly help you in your trading! I am looking forward to the day that we would see 10 Million Filipino traders and investors! I believe this can be done! It all starts from you being profitable, that as you become profitable more people will beleive that investing in the stock market can be done successfully by anyone and everyone!
Godl Bless you!
My 2nd book Stock Smarts: Winning Strategies is now out! Click the Link to Register and Order.
If you’d like to learn more how to invest in the stock market and learn how to make your money work hard for you. I’d like to invite you to our upcoming events:
- December 5th Stock Smarts Singapore 2014 (Basic) – Day 1
- December 6th Stock Smarts Singapore 2014 (Technical Analysis) – Day 2
- December 13th Market Outlook and the Top 10 Stocks for 2015!
For inquiries, registration, and payments email: email@example.com
Thank you Victory Greenhills for having me! Thanks to everyone who attended the seminar!
*charts via chart nexus
*Pictures google search