AGL has probably finished falling now, its actually not a bad investment at the moment, with downside risk limited, I doubt it would hold below these recent lows for very long if it went below them at all. AGL will transition to renewable energy over time, they are a business, not an environmentalist company, so I forgive their holding on to fossil fuels. they are a long term well established company, which give decent dividend yields and a low risk long term investment, these alone would hedge against inflation, but the outlook over the next few years is to make some capital gains as well. risk would be lower by buying at the marked levels, I do think that at least $6.30 will be achieved over the next months, but if you take a look at the monthly chart, buying below $8 still makes sense for investments over 7 years.
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I'm going to leave a bid at $6.38 till it hopefully gets filled. Just don't feel comfortable buying with too much downside risk at $8, and I'm about 65% sure it'll fill anyway, I'll probably miss the next dividend payout though.
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we got a double bottom at the noted $6.38 area. should range now, and there is an small chance we even see lower than that later on this year, the markets reward patients.
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