ALLIANCE GLOBAL GROUP, INC. (AGI): 07.22.2014 Performance Review

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Stock Analysis - JayceeDeGuzman.com

ALLIANCE GLOBAL GROUP, INC. (AGI) closed the market at PHP 26.75 per share, which is PHP0.80 or 2.90% lesser than the previous trading day’s closing index.

ALLIANCE GLOBAL GROUP, INC. (AGI): 07.22.2014 Performance Review

AGI Stats

Bearish/Bullish/Sideways: Bearish
RSI: 26.08 – alarmingly inexpensive
P/E: 19.00 – still considered inexpensive
Volume: Volume has been on an upward trend for the past three (3) trading days, but sellers are always overtaking the buyers.

Current Share Price: PHP 26.75
Support: PHP 26.50
Resistance: PHP 28.25

Observations

AGI is inexpensive, but not all inexpensive stocks are good candidates to be bought “right here, right now”. You need to check if the position you’re planning to enter is the lowest possible “low”.

Action Plans You May Consider

If you currently hold this security in your portfolio, HOLD your position until a parabola is drawn on the MACD chart. Wait for a confirmed crossover. Don’t be too excited with high hopes that AGI will escalate any time soon.

If you are planning to buy your first shares in AGI, observe the MACD and the signal line first. You don’t want to buy at the wrong price and at the wrong time. Wait for a confirmed crossover, too.

If sellers will continue to takeover buyers tomorrow, PHP 28.25 is possible.

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Jaycee De Guzman

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