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$AGFY | ($AGFY) Investment Analysis (AGFY)

By Thomas Kee
From Stock Traders Daily

$AGFY | ($AGFY) Investment Analysis (AGFY)

The technical summary data tells us to buy AGFY near 14.69 with an upside target of 36.14. This data also tells us to set a stop loss @ 14.65 to protect against excessive loss in case the stock begins to move against the trade. 14.69 is the first level of support below 36 , and by rule, any test of support is a buy signal. In this case, support 14.69 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of AGFY as it gets near 36.14 with a downside target of 14.69. We should have a stop loss in place at 36.24though. 36.14 is the first level of resistance above 36, and by rule, any test of resistance is a short signal. In this case, if resistance 36.14 is being tested, a short signal would exist.

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