AGOE Daily Chart ~ Huge News Just Announced Today
Post# of 2559
Posted On: 01/11/2014 5:41:03 PM
AGOE Daily Chart ~ Huge News Just Announced Today
See my previous post for the AGOE news that management just released on a Saturday afternoon.
AGOE has been closing above its previous high of .15 since December 23. Since there haven't been many shares to be had over the last few weeks, my opinion is that after today's news, the stock is going to begin moving up quickly. With less than 26 mil in the OS and an estimated float of 21 mil, the acquisition on Quest looks to be adding an immediate $34,000,000 in revenues to AGOE. With a current market cap of just under $5,000,000, my opinion is that AGOE is about to appreciate substantially.
As to the chart, it's difficult to read much into the technicals for a stock that barely trades. Friday's volume of 134k was the highest since before Christmas. Should any one or group decide to purchase any position of size, that should take the stock well above the previous highs in the low .20s. Although the FullSto and MACDs are in decline, one solid volume green day, and those indicators will shift quickly to the positive. Once the highs are taken out, the next resistance can be found going back to early 2011 when the stock was trading just under .40. Might be wishful thinking, but I believe AGOE is going to visit these levels very soon. Additionally, anyone already in AGOE should take a look at the Weekly Chart as it shows a strong overall uptrend in place since late 2011. GLTA
See my previous post for the AGOE news that management just released on a Saturday afternoon.
AGOE has been closing above its previous high of .15 since December 23. Since there haven't been many shares to be had over the last few weeks, my opinion is that after today's news, the stock is going to begin moving up quickly. With less than 26 mil in the OS and an estimated float of 21 mil, the acquisition on Quest looks to be adding an immediate $34,000,000 in revenues to AGOE. With a current market cap of just under $5,000,000, my opinion is that AGOE is about to appreciate substantially.
As to the chart, it's difficult to read much into the technicals for a stock that barely trades. Friday's volume of 134k was the highest since before Christmas. Should any one or group decide to purchase any position of size, that should take the stock well above the previous highs in the low .20s. Although the FullSto and MACDs are in decline, one solid volume green day, and those indicators will shift quickly to the positive. Once the highs are taken out, the next resistance can be found going back to early 2011 when the stock was trading just under .40. Might be wishful thinking, but I believe AGOE is going to visit these levels very soon. Additionally, anyone already in AGOE should take a look at the Weekly Chart as it shows a strong overall uptrend in place since late 2011. GLTA
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