Alert for AGX

Despite recent Bullishness - Golden Cross still intact and price is above both TL1 and TL2, we would be cautious on current level as a negative divergence has sparked since late July coincides with strong resistance zone ahead with Fibonacci is now at 3.618. Overall, share is still in downtrend since May 2008. Holding long might want to place a trailing stop at 0.355, otherwise liquidate or reduce position at this level. New long is not advisable at this level, until the price is able to break 0.60.

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