Long setup for AGO in the Insurance sector
What I see...
+ A wedge squeezing in with prices supported by the Support trend line after earnings last week
+ Vol. spike on Friday, despite a red bar, it painted a hammer with long lower shadow
+ Multiple short bursts of 20% to 40% increase since March within 3-4 sessions
- Lost more than 50% of its value from Feb to March
- RSI pushed back to 48
- Overall a weak / downward trending stock
- 10 and 50 MA are both under 200 MA
How I setup...
+ Long entry when break above last week's high
- Stop at low of Friday's shadow
+ Target at $40
+ A wedge squeezing in with prices supported by the Support trend line after earnings last week
+ Vol. spike on Friday, despite a red bar, it painted a hammer with long lower shadow
+ Multiple short bursts of 20% to 40% increase since March within 3-4 sessions
- Lost more than 50% of its value from Feb to March
- RSI pushed back to 48
- Overall a weak / downward trending stock
- 10 and 50 MA are both under 200 MA
How I setup...
+ Long entry when break above last week's high
- Stop at low of Friday's shadow
+ Target at $40
Anulowano zlecenie:
Cancelling setup