This recovery is very typical of the first 30 min to 1 hour of opening. There are a lot of emotion involved in the first hour of trade specially with people who bought in the (T + 3) trade. The fear of dropping below $1 is significant so what I would have seen are sellers from from T+3.
But technically, AGO is still at it's support and if it closes at $1 or above, the shorters will flee tommorow for sure.
superox
Add to My Watchlist
What is My Watchlist?