$AGYP technicals say this is about to get busy and do another LEG UP!!! So do the fundamentals! Here's why:
I took a stater position in $AGYP on Thursday and then got a bigger size on Friday. I'm really looking forward to this week as there are several indidcators on the chart that make me think $AGYP is a BULL.
First of all, notice the last two green candles. One of these is a bullish green hammer signifiying the end of a pullback/downtrend and signaling the beginning of a new uptrend.
Also, notice the accumulation line. This stock is getting bought and HELD!
Notice that the RSI reset to modest levels allowing profit takers to exit while more new money gladly takes their place.
The $AGYP chart is a very nice looking chart with many reasons to believe it is about to do another bullish leg up!
Not only that but as many on Twitter have pointed out and in some Telegram chatrooms, $AGYP has had a very high percentage of daily short volume.
Look at the short volume from the past 3 sessions:
Oil prices are up again this morning! $AGYP is an energy (oil and gas) play! They are in an industry sector that is beginning to boom once again!
With recent news any shorts in $AGYP are truly playing with fire here are the last two releases that show NEW near term oil production! https://finance.yahoo.com/news/allied-energy-corporation-provides-shareholders-134000387.html https://finance.yahoo.com/news/allied-energy-corporation-provides-shareholders-134000387.html
$AGYP is in the right place at the right time https://twitter.com/AlliedEnergyCo1/status/1359166508245651457?s=20
A quick look at the 3 month USA crude oil prices shows a serious BULLISH UPTREND.
And with the recent Texas freeze and refineries going offline that means prices are only going to get higher and higher.
This is why I am excited about the near term and long term future of $AGYP! Let's see that dollar break this week!