Investors are super negative on AGL and it shows in the SP and they seem and the shorts to keep selling or cut the loss.
Charts on daily, weekly and monthly are now way oversold but they can remain oversold for weeks or months.
The actions for the past few days feel traders are expecting bad results and worst future.
It appeared AGL is one of the worst performing stocks on the ASX, but I would never rule out any positive outcomes mid term.
Possibility of SHELL entering local retail market may have something to do with negative sentiment on AGL but they are actually partners in the Hydrogen project that AGL is doing with the Japanese.
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