Appreciate the heads up on that useful information @Zhc003! There are catalysts here lined up that do make it favourable for a swing move as it has already convincingly done so.
The recent capital raising gives me slight assurance they won't need to raise for another 3 months not that I even have the patience to hold that long haha!
Thanks @CoffeeScroll and you're not too far off the mark! We traders recognise things like momentum, and Sector volatility so when something like an ETF or Spot Price moves, an entire sector will light up with opportunities. For now, things are looking good for Uranium Bulls.
Seeing as though AGE is a shortable stock just yesterday alone, almost 2M units was shorted. Now I know they are the minority going against the trend here, however being on the wrong side of the trade with a 2M share size (from 1 or multiple people) creates further demand on the Buy Side.
Whoever didn't cover their position today for a loss (if intraday or short term traders) would be feeling quite scared here. Plus, watching today's tape I could be certain another 2-4M units were betting against today's action. Late afternoon someone really started throwing abit of coin
Could we see an updated Director's Interest/ Substantial Holding shortly??Adding further weight to the FOMO thesis would be from the shortsellers. A news catalyst well timed at this technical level on the chart regardless of spot prices would create a surge of covering/margin calls from the brokers who require their loaned shares back! It happens on many stocks STM being one of those recent ones.
I would tread cautiously as there is no technical edge for going against it. If I were short, this is the level I would be personally pooping bricks
I have attached an hourly chart below with thoughts attached as to not make the post longer than it needs to be.
Potential Upsides to 10.5c/11c on the books as many others allude to that level and not only that, like you've noticed @dc1234 it's doing 25% upward swings frequently. Good luck holders
AGE chart, page-908
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Last
5.2¢ |
Change
-0.003(5.45%) |
Mkt cap ! $201.1M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.1¢ | $540.5K | 10.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 82768 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 1065312 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 82768 | 0.052 |
33 | 5742844 | 0.051 |
30 | 3469135 | 0.050 |
11 | 3383727 | 0.049 |
10 | 5141820 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 1065312 | 3 |
0.054 | 405555 | 2 |
0.055 | 558040 | 5 |
0.056 | 485419 | 5 |
0.057 | 897021 | 5 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
5.2¢ |
  |
Change
-0.003 ( 3.70 %) |
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Open | High | Low | Volume | ||
5.3¢ | 5.3¢ | 5.2¢ | 5270763 | ||
Last updated 15.59pm 17/06/2024 ? |
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AGE (ASX) Chart |
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