ASX:AGL Weekly chart.
The brief trade analysis presented above is my predicted direction only.
AGL looks more optimistic than APA , AST and SKI.
The price reach nearly EMA 200 at $20.28 which acts as a strong support line.
The price can bounce from EMA 200 and move to $23.90 resistance level
In spite of RSI confirm downward movement and is oversold territory, the current levels are good for buying for long term.
AGL can break EMA 200 and drop lower and we have to think about it also. The next support will be at $17.18 level.
This support also will be good for new buy opportunity.
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