Bullboard - Stock Discussion Forum Agilyx Ord Shs AGXXF

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Agilyx ASA is a Norway-based company that provides recycling services. The Company’s chemical recycling technology and intelligent feedstock management system, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels creating the opportunity for true circularity.

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Agilyx Ord Shs > Technical Analysis

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Post by retiredcf on Jan 28, 2016 9:51am

Technical Analysis

AGT Food and Ingredients Inc forms bullish "Engulfing Line" chart pattern
Jan 27, 2016

Recognia has detected an "Engulfing Line (Bullish)" chart pattern formed on AGT Food and Ingredients Inc (AGT:TSX). This bullish signal indicates that the stock price may rise from the close of $34.27.

Tells Me: The recent downtrend is due to reverse, now that buying pressure has overwhelmed prior selling pressure. Following a clear downtrend, we see two candlesticks where the white real body of the second completely envelops the black real body of the first, showing that the bulls have taken over from the bears.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.