Technical Analysis AGI

Stock: AGI
Company: Alliance Global Group Inc.
Support: 9.20
Resistance: 11.60 / 12.00


AGI formed a bullish flag, a short-term bullish continuation pattern. A bullish flag pattern occurs during an ongoing rally, representing a brief pause as the stock catches its breath before running off again in the same direction.

According to Recognia, our automated chart pattern recognition program, the measured price target after AGI broke out of its bottom triangle pattern is P11.60-P12.00.

Recommendation

Set cut loss below P9.20 and begin taking profits from P11.60 to P12.00.

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