Arthur, can I ask a serious question? Is your choice of a short trade here influenced by your personal knowledge about the gensets? It appears that way, perhaps not his time, but definitely before.
Therefore this is not a fully TA driven trade you have suggested for AGL?
To be honest I dont trade this way, but still cant understand why you would short a strong stock in the strongest sector of the market. All the market money is piling into utilities at the moment. Utilities was the only market sector up for the month of February. GAS, ENV, AGL are all in great sustained uptrends.
Whilst the overall pitch of the market is down which supports the use of shorts, it still seems that you are trading against the trend.
This is a question for me as much as it is for you. I dont exactly follow this course af action myself and should do??
ac
long trend , maybe time for short short?? , page-12
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Last
$10.74 |
Change
0.040(0.37%) |
Mkt cap ! $7.857B | |||
| Open | High | Low | Value | Volume |
| $10.65 | $10.78 | $10.64 | $786.0K | 73.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 252 | $10.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.74 | 452 | 8 |
View Market Depth
| Last trade - 10.19am 18/11/2024 (20 minute delay) ? |
| AGL (ASX) Chart |
