AGL
- First time doing a written analysis on AGL
- Stock has been in a big downtrend since April 2017 -> a drop of almost 80%
- God bless the long-term investors as their capital is haemorrhaging
- In all 3 markets (Australia, Malaysia, and US), there was a big crash in stock prices in March 2020
- Most of the stocks have recovered to above pre-Covid crash levels
- AGL bucks the trend by creating new lows in August 2020
- Stock price has dropped more than 60% since that broken support
- Downtrend stocks have a lot of overhead resistances -> not conducive for a good mid-term uptrend to form
- Strategy-to-buy (DYOR) – There are other better stocks out there
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Text me if you have any questions/feedback for me.
- First time doing a written analysis on AGL
- Stock has been in a big downtrend since April 2017 -> a drop of almost 80%
- God bless the long-term investors as their capital is haemorrhaging
- In all 3 markets (Australia, Malaysia, and US), there was a big crash in stock prices in March 2020
- Most of the stocks have recovered to above pre-Covid crash levels
- AGL bucks the trend by creating new lows in August 2020
- Stock price has dropped more than 60% since that broken support
- Downtrend stocks have a lot of overhead resistances -> not conducive for a good mid-term uptrend to form
- Strategy-to-buy (DYOR) – There are other better stocks out there
-----
Text me if you have any questions/feedback for me.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.