Charting, page-5680

Looks like the soph's are still taking profits.
I don't know if they will actually get the sp down to the issue price but there are now two very obvious places on the daily chart that are worth looking at.

First is the downside Pink trigger line. I have drawn two rising forks, one from below the breakaway gap, the other from the low on the day of the gap on 17^th Aug. These are very similar but the second one gives us a lower support line.
Trigger lines are drawn across the two lows of the fork if the trend is up the two highs if the trend is down.
I have also added a down trending fork from the highs and lows since we hit $0.035

If we close below that line it is generally considered to be a sell. (That may be close to or possibly below Hoots lower trend line of his horn.)
If the sp does go that low I am confident that it would be short lived given the fundamentals of AGY
The other more useful one for us as it is the bullish buy signal is the Green up trending line which is drawn off latest down trending fork coming off the high last month.

Just looking back at the trading since we came back from suspension I will try & explain how I see the volume and what I think it means.

Looking at Fridays Bar and volume there was clear support that came in during the day after that large gap down and the rally off $0.205. The volume on that bar is telling us that it was overwhelming support despite seeing the red down bar.

Monday we saw a gap up and the high met with resistance at the projected trend lines. (ML of the fork plus the retesting of the previous trading rang box)
All this happened with significantly lower volume telling us that the attempted markup was really the set up to sell into the high. The close at the high was adding to the impression of growing strength for new buyers to jump in (FOMO)
Lower volume and higher highs is always a danger sign.

Tue was another gap open and we hit another resistance at the second fork (drawn after 17^th Aug gap) before closing down on increased volume and back into the lower range closing below Mon open.
So a new high that failed to hold plus an increase in volume with a close at the lows  = more weakness to come

Wed we gapped down on the open but did fill it early on. The close down at the lower end of the range and retesting the base of the range with slightly lower but still significant volume.
Today's low was stopped at the lower MLH of the medium term fork and has retested the base of the range box.

So, we have a couple of possible scenarios that may play out tomorrow and the rest of the week.

There may be a retest of the $0.205 low before we get the next rally.
That low would coincide with the ML of the latest down and more significantly the rising trigger line.
If it does that I would expect IT to be on significantly lower volume than todays. I would also expect $0.205 to again be support given the very strong buying there before.
Or option 2.
We could rally from today's low to test out the rising trend lines around $0.24 - 0.25.
If that happens I would expect significantly lower volume than todays as the pros try & suck in buyers so they can sell into the next rally. FOMO again.

The short term indicators are showing the 14 day stoch  going sideways / slightly down and the 5 day stoch crossing back below the avg. If we see the 14 day start to trend down and go wide then the selling may continue a bit longer and some here may get their wish fulfilled & we go lower
but I would not be counting on that happening.
Mid week the weekly chart looks ok and show support at $0.205 so I don't expect to see us break thru that without a fight.