Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.

Join Dstockmarket Telegram Group

Join Dstockmarket Facebook Page

Chart Lessons From AGN - Triangle Breakout In Daily Chart

In this lesson, we will learn how a triangle breakout when AGN is in an uptrend help to send AGN higher tremendously.

The chart above shows the daily chart of AGN.

As you can see, the stock broke out of a daily triangle. Albeit a small one, this triangle breakout was a potent continuation pattern that help send AGN higher by a lot.

The first thing that became bullish for the stock was the fact that it had a bullish cross.

This is where the stock had the 20 MA cross back above the 50 MA.

When the stock formed a triangle, it was sitting at the 20 MA and this was ripe for a continuation move up.

Notice how the stock continued to stay above the rising 20 MA and rising 50 MA most of the time. This is a picture of strength.

Since AGN is still above these 2 rising MAs, it is very likely that it will continue to move higher.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. KLCI Analysis January 2020

    Jan 17, 20 08:05 AM

    Here are the analysis that I do on the KLCI for the month of January 2020. I update them almost everyday so do come back and press the refresh button.

    Read More

  2. US Stock Market Analysis January 2020

    Jan 17, 20 08:04 AM

    In this page, you will find my analysis on the US stock market for the month of January 2020. I update it almost everyday.

    Read More

  3. Trading Tip 2 - Do You Have A Trading Strategy?

    Jan 16, 20 06:39 AM

    If you ask any successful trader, they will tell you that they have a trading strategy and they follow it very well.

    Read More

  4. Trading Tip 1 - Preparation And The Art Of Trading

    Jan 02, 20 11:01 AM

    Welcome to a new series on the art of trading. The year 2020 should be a game changing year for you. If you are interested in the world of trading...

    Read More

  5. US Stock Market Analysis December 2019

    Dec 30, 19 09:23 AM

    In this page, we will have a look at the US stock market and analyze where the SPX might be going.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.