Monday, February 14, 2011

Stock Picks: AGI forming a Pennant on a Flag Pole.

Figure 1: AGI Price Chart

IMHO, AGI is forming a pennant on a flag pole. It is not yet forming symmetrical triangle for its current duration is still less than 12 weeks or 3 months. Target price will be the height of the flag pole added to the breakout point. If its breakout point is P12 then the target price will be P13 - P6 + P12 = P19.

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