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AGL overbought

Reply
Unathi
Not applicable
AGL seem to be violating fundaments of technical analysis. Overbought however appears to be rallying bullish still
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2 REPLIES 2
BAP
Regular Contributor
And outperforming BIL by bigger margin than traditionally - Any expert explanation for this?
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jack12
Super Contributor
There is no violation of overbought, in a bull trend a share can stay overbought for a very long time. There is a saying that a share can stay overbought longer than you can stay solvent! AGL is ready for a pullback, BIL is coming out of oversold! They are in different cycles and cannot be matched at the moment.IMO
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