ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.

Angle Price: AGL Descends, Composing Momentum Above 7.5

Share On Facebook
share on Linkedin
Print

A top shadow candlestick has formed below the trend lines of moving averages, denoting that Angle Plc (LSE:AGL) has descended start composing momentum above the support line of 7.5.

In order to support the point of 7.5, a support line has been staged at a lower value of 5 in case there will be a need for the market to make more slight shifts to the negative side. The current market trends indicate that a reversing force is at work. Additionally, since the oscillators have crossed into the oversold area and are getting close to zero, sellers are probably not going to exert much pressure to keep the stock market moving further downward.

Resistance Levels: 12.5, 15, 17.5
Support Levels: 7.5, 5, 2.5

Is it going to be more difficult for the AGL Plc stock to break above the larger EMA’s trend line soon?
As the exchange situation technically forms; the trend line of the larger moving average tends to face a critical moment in the terms of rises resumption, given that the Angle Plc now descends, composing momentum above the line of 7.5.

The stochastic oscillators have penetrated the oversold region. The subsequent formation system of candlesticks in that regard has been that a rallying motion would be coming forth in a low-moving pace. The 15-day EMA indicator is underneath the 50-day EMA indicator. Based on the current trading outlook, investors are likely to place variant staking orders in advance of any anticipated price increases.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com