AGS looking VERY UGLY from a technical perpsective. I took profits and sold on the break of 2.34.
Not convinced the bounce off 1.92 and today's close is a strong enough re-entry signal.
Interesting to the financial controller at AGS told FNArena they were surprised at the stock market reaction. INCREDIBLE...we literally sat on AGS waiting on news since November...ramped up by the SA Premier and our own imaginations...and the release was far far less than expected.
NO WONDER AGS wanted to double check the calculations prior to release...we all thought the figures were too high....
Such is life.
Good luck to holders...I will rejoin when the technical trading leaves are in alignment!!!!
Cheers
Mark
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
