Selling AGS at break of recent low. for EURONEXT:AGS by Saxo

Ageas – 30d expiry – We look to Sell a break of 40 .19 (stop at 41.42)

The primary trend remains bearish .

We are trading at overbought extremes.

A break of the recent low at 40 .28 should result in a further move lower.

Bearish divergence is expected to cap gains.

A higher correction is expected.

Our profit targets will be 37.11 and 36.51

Resistance: 42.65 / 43. 40 / 44.60

Support: 41.60 / 40 .30 / 39.20

Disclaimer – Saxo Bank Group.

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