After a long run started in June of almost 100%, AGX has quietly consolidated over the past month and a half around the 10wk line. There are more than a few things I like about this setup so here we go:
- According to Investors.com AGX is in the #1 rated stock in its industry group and the group rank is 27 out of 197
- While AGX has consolidated, its RS line has remained near its highs (see weekly chart)
- Selling volume has gotten progressively lighter as AGX has approached the 10wk line
- A clear level of support has been established at 54
- The support range goes down to 53.30 which correlates to the surge after earnings on 9/7
- The distance between support (54) and resistance (57.24) is only 5.66%
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.