Tuesday, May 30, 2017

AGI breakout update

Alliance Global Group, Inc.

After filling the gap around 14.76~14.98, it resumes the breakout from a Bullish Flag pattern with measured price target around 16.60~17.20.

It also recently hit the lower base of the price target from Triple Bottom breakout around 15.30~15.60 range.

See previous analysis for more details on the above mentioned breakouts:
https://psetrends.blogspot.com/2017/05/agi-on-another-breakout.html

Trading Plan
- See previous analysis for appropriate trading plan.
- If trading the Triple Bottom breakout, take some profit or scale down position and profit run the rest of the position with trailing-stop.


No comments:

Post a Comment