Monday, March 19, 2012

AGQ Follow Up

AGQ was a long trade idea from March 15th at $55.51

The initial idea of the trade is short term, but as I mentioned, we'll take whatever the market gives.

So far AGQ is having a decent day.

 AGQ daily and trade idea at green arrow. Several pm miners were looking good as well around the same time for at least a short term move up.

 The large volume we often see at reversals on a 15 min chart and AGQ at some resistance right here.

 Here's this morning's move thus far, it's obviously hitting resistance, we'll see if it pulls back a little to take a shot at it.

 The 30 min  3C and long term TSV both are positive here, so I'm thinking this is at least a swing trade.

Here's the 2 min short term 3C showing a positive divergence, I suspect this is the "stock up of shares"  for the move we are seeing starting today.

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