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
-----
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.