Without the comment- all indicators in Top! Weeks graph showing bullish trend. Whenn stopline will be broken (around 72$) we will to see a huge pump. I my vision it happened after several weeks- somethink like a november 2021;).
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
NYSE:AGCO LEVELS TO WATCH. IF PRICE SETTLES, LOOK FOR BREAKOUT AND BUY
well formed symmetrical HS on daily, forming since july. measuring rule implies 13.8% or 10.43 AFTER decisive close below neckline initial PT of $56.32 MACD trending down reinforces technical thesis. fundamentally, annual net income has decreased almost by 50% for 4 consecutive years; gurufocus' reverse DCF values at $27. www.gurufocus.com
Fundamental driver pair trade, looking for ciclicality, Machinery vs food
Nice retest gap. Cleared good pivots. HIGH CHANCE of getting stopped out. However, if it works, great reward.
Possible completion of accumulation phase in AGCO. After a TSO (Terminal Shakeout, AKA Spring) on low volume, not ideal, we get a low volume TOS (Test of Supply) leading to a JTC (Jump the Creek) up move on increased volume indicating strength. Now getting a wide range retracement on relative low volume, indicating a lack of supply (the stock has been accumulated...
odds for bounce above 44.20 and run to 1st resistance around $45 area tinyurl.com
Last time, the bearish triangle we noted has indeed achieved its measured target price, but will the bear flag achieve its measured target price?..time will tell. Technical patterns are not always perfect to portend in the future but they often provide a fairly accurate guidance. This bear flag if confirmed will take this stock down to $46 area. If you decide to...
AGCO reached back to a support level and price action showed that buyers seem to overwhelm the sellers, and so price may go up.
Possible uptrend starting + heavy insider trading.