Where to from here at R203?

[Abundant_Lifest]

Is it time to take profits now or could AGL still go further? Is R250 still possible or mor down side to come?

[asylum]

resistance around R243 trading on a box pattern at the moment so yes 250 is possible but so is 170.

[#3]

It completed a bit of a scewed inverse H&S yesterday that projects up to over R230. Nice shorting opportunities await in that area if it starts to reverse.

[akashmaha]

I am gonna wait a little, not looking bearish, looks like buyers are in. Hope I have made the right decision perhaps use a trailing stop loss but not too tight.

[nala]

i,ve bought AGL at R4oo- any chance of this reaching that figure for the long term 24 months

[#6]

why stop at R400 - don't you want to make some profit?

[akashmaha]

Buy it again now, change your position and make profit sooner than waiting for it to reach R400 and 24 months.

[#8]

Or..., here's a controversial idea: why don't you short the stocks that are in downtrends and buy the ones in uptrends?

[john_1]

lol

[#10]

Sell R203, Buy at R175 and simply repeat the process till you quite tired :-)

[akashmaha]

Started of very well, I want to sell today, is it too early or should i wait till later. Plse advise!

[#12]

All I can say, for what it is worth, is that I sold yesterday

[#13]

Or until your stop kicks in.

[#14]

akash, i am loathe to give advice on these subjects, becuase you shouldn't let us affect your trading strategy. in this case though, and for today only, I am going to issue 1 warning bell. Today is the day on hte trading calender, because the US jobless reports come out. In a 1 month timeframe, this is the event that has probably the biggest influence on the markets and I would advise you not to be betting against this event. So if you have hit your profit target - then bear in mind that the chances of a 3-4% move on AGL in either direction are pretty high today.