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.

AGI on another breakout

Alliance Global Group, Inc.

AGI recently broke its immediate resistance area around 13.90~14.00 which is also a potential breakout from a Bullish Flag pattern with projected target price around 16.60~17.20.

*The gap it created on recent breakout around 14.76~14.98 is a potential level to be filled in the future (may also act as support area)

Current price action is also now near its previous Double Bottom pattern breakout's measured price target around 15.30~15.60.

See previous analysis for reference on prior breakout and trading plan:
https://psetrends.blogspot.com/2017/05/agi-price-action-update.html

Trading Plan
- Buy near the Flag pattern breakout area and set stop-loss on breakdown from recent swing low. Previous major support area around 13.90~14.00 can also be used as reference for stop-loss on breakdown as it will still potentially give a 1:2 risk/reward ratio (relatively high risk though compared to the recent swing low as reference).
- If still trading the previous Double Bottom breakout or in a position trade, see previous analysis (link above) for appropriate trading plan.

AGI price action update

Alliance Global Group, Inc.

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.

AGI breakout update 3

Alliance Global Group, Inc.

AGI is testing the immediate resistance area now at 14.80~15.00. The prior Double Bottom breakout price target remains at 15.30~15.60 range.

See previous series of AGI analysis for more details on this Double Bottom pattern and appropriate trading plan:
https://psetrends.blogspot.com/search/label/AGI

AGI breakout update 2

Alliance Global Group, Inc.

AGI hit the base of the immediate resistance area at 14.80~15.00.

Prior breakout from major resistance still have a measured price target at 15.30~15.60 range. See previous analysis for more details:
https://psetrends.blogspot.com/search/label/AGI

AGI breakout update

Alliance Global Group, Inc.

AGI is on a breakout continuation after filling the gap at 13.90~13.96 which also serves as its major resistance area. The measured price target of this breakout is at 15.30~15.60 range.

*Immediate resistance area is around 14.80~15.00.

It's already up +17% on position play (see link below for more details on this trade recommendation):
https://psetrends.blogspot.com/2017/03/agi-on-range-bound-price-action.html

See previous analysis:
https://psetrends.blogspot.com/2017/04/agi-on-breakout.html

AGI on a breakout

Alliance Global Group, Inc.

AGI finally filled the gap at 13.90~13.96 after the recent breakout from its major resistance area around 13.90~14.00. The measured price target of this breakout is at 15.30~15.60 range.

*Immediate resistance area is around 14.80~15.00.

Please see previous AGI analysis if you entered a position trade when it was consolidating in a Range-Bound price action. That position should be up around 11% ~ 14% by now:
https://psetrends.blogspot.com/2017/03/agi-on-range-bound-price-action.html

AGI on a range bound price action

Alliance Global Group, Inc.

AGI is consolidating in a range-bound price action with a historically strong support around 12.20 (the previous resistance and price congestion area during 2011 consolidation). Immediate resistance is around 13 where three previous short rallies were rejected.

*Gap to fill between 13.90~13.96.
*Major resistance area is around 13.90~14.00 (a potential level to take profit).

Trading Plan
- Range trade the consolidation (buy the support, sell or scale down near the resistance. Set stop-loss a few points below support, maintaining at least 1:2 risk/reward ratio.
- Also, a potential medium term position trade as downside risk is relatively minimal (still consider a stop-loss to manage risk).