Have you noticed the new highs in holding firm Alliance Global Group Inc. (stock symbol: AGI)? It is entirely possible that the move is far from over.
The Relative Strength Index (RSI) has continued to decline despite the recent price advance. There is also a bearish divergence (green lines) coinciding with the double top at 30.10.
TP’s Advice: Reduce position or wait for better prices before you (re-)enter (whichever is applicable to you). Keep an eye on price action around 28-30 (this will dictate your decision whether to hold, re-enter, or wait). If price will decline from this point on, again, I’d like to see AGI stabilize above 25.
Do you have AGI in your portfolio? Share your thoughts below!