Saturday, August 24, 2013

just charts: AGI/Alliance Global Group, Inc. (23 aug 2013)

agi chart as of 23 aug 2013 
(click on the chart to enlarge)


1. agi ended the week 8.3% lower than the previous week@25.40 ... 

2. the macd histogram is now below 0 (the sell signal was given last thursday) ... and is still heading lower ... the sts is also lower (the sell signall was given the same day as the macd selll signal) ... but is still above the obersold zone ..

3. agi is now just above the current bottom@25.05 .. but with the doji last friday ... the testing of the 25/25.05 support is always possible this coming week ... it is prudent to just exercise caution if one is ever considering taking a position in agi ... however .. i have to admit that i took a very small reentry position last friday ... quite a gamble i have to say ... and im not proud of it ...  

for an explanation of the indicators ... click: here 
for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose