AGTL trade ideas
AGL Trade1 . Bulish trend
2 . break of continution pattern
3 . break of resistance and sustane 4 . no bearish divergence
5 . long trade
6 . TPs hit 38 % increase
Al Gazi (AGTL PSX)-BuyAGTL is making HH and HL. After making recent HH, it retraces to Fib 50% level and formed bullish flag formation. Today it gave breakout of bullish flag formation which shows that bulls are again taking charge from bears. Bullish flag projection will be target price.
Further fundamentally, it is very solid company, one may hold it for longer time frame also
AGTL:- CONSOLIDATION IS ABOUT TO TURN IN TO BULL RUN.Al-Ghazi Tractor has been resting and regaining the strength for last 6 months. Early signals of strength are appearing as the weekly and daily 200 SMA is rendering its support.
To have the confluence it is suggested we may initiate the long position when the price close above 385.
Stop loss and TP has been marked on the chart.
Have a profitable trading.
AGTL is BullishAGTL is looking good, as it has broken previous lower high and bulls seem to be in control of the price action. It is currently trying to break previous higher high and once it does that the price would move to new highs. Targets are mentioned on the chart.
