Market Phase & Period:
- Uptrend: July 2022 - ongoing
Description:
- A bullish trend began in July 2022 after approximately 6 quarters of consolidation
- The price broke the $30 level with increased volume and reached a peak of $43
- There was a rebound to $30 followed by increased volume, which held the price in late May
- There was strong price action on...
Market Phase & Period:
Uptrend. February 2022 - November 2022
Description:
The trend reached its highs in November 2022 but failed to continue in February 2023, making a double top pattern.
The selling pressure observed in February-March 2023 indicates weakness in the bullish momentum, with the price easily reaching $47.
April showed some positive movement...
AGR broke above 48.50 price level. Possible Long entry with ~2:1 ratio.
Key points:
Range from January 2022 to July 2022
48.50 breakout
Pullback
Increased volume
Extension to the primary direction of the breakout
Profit Target could be around 55 or higher if the breakout happens, initial Stop Loss around 47.50.