AGI fails to break the immediate resistance area at 14.80~15.00 and currently, in a pullback mode.
The previous major resistance prior to breakout from Triple Bottom pattern has now becomes the major support area - around 13.90~14.00.
*The Triple Bottom pattern breakout remains valid with a projected target price around 15.30~15.60.
See previous AGI analysis related to this Triple Bottom breakout (was mistakenly mentioned Double Bottom before):
https://psetrends.blogspot.com/search/label/AGI
Trading Plan
- If previously trading the Triple Bottom breakout, set a stop-loss on major support breakdown (13.90~14.00).
- If in a position trade as recommended by previous AGI article during consolidation, take profit if trailing-stop on remaining position was hit.
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