Posted On: 01/19/2014 9:45:39 AM
Post# of 2561
AGEN Daily Chart ~ Highest Close Since the Gap Down of Early September
After AGEN established a double bottom (triple one counts the low of Sept), a few of us entered the stock from the 2.50s and up. Last Monday's pullback from being outside the upper bollie was contained by the horizontal support line, which was previously the horizontal resistance point. The close of 3.20 was the highest close since the gap down from the high 3.60s. The stock is well underway in its attempt to close that gap. After a few early day gap-up failures resulting in solid green candles as the stock sold off from being completely outside of the upper bollies, the stock is now trading well and stair stepping its way to new highs. Notice the chart pattern of a rising support line and the horizontal resistance lines after a large gap down. You'll continue to see many of these as we move forward with more charts and future plays. Next up is the MA200 at 3.37 and the resistance point of the gap close near 3.70. GLTA
After AGEN established a double bottom (triple one counts the low of Sept), a few of us entered the stock from the 2.50s and up. Last Monday's pullback from being outside the upper bollie was contained by the horizontal support line, which was previously the horizontal resistance point. The close of 3.20 was the highest close since the gap down from the high 3.60s. The stock is well underway in its attempt to close that gap. After a few early day gap-up failures resulting in solid green candles as the stock sold off from being completely outside of the upper bollies, the stock is now trading well and stair stepping its way to new highs. Notice the chart pattern of a rising support line and the horizontal resistance lines after a large gap down. You'll continue to see many of these as we move forward with more charts and future plays. Next up is the MA200 at 3.37 and the resistance point of the gap close near 3.70. GLTA
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