AGE Daily Report, page-472

Looking for new direction?

Yes AGE lost 2 pips to finish at 5c. Our volume was moderate - just over 17m shares traded. So the good push to 5.6 for couple of days has been negated by being pushed back to 4s. Overall U sentiment is currently not euphoria, hence some ease. Hopefully if markets behave it comes back, but as I wrote on the weekend, at this stage after the big rise of 2 months, mostly in consolidation mode - looking for next catalysts - maybe Spot price over 80?
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ASX U stocks were generally weak. Of the 28 stocks that I track, average loss was around 2%.
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What next:
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Will keep it short as covered general markets mostly on the weekend. An important test coming up tonight. Analysts camps are divided - some feel there are great signs of bottoming around this level, the other camp believes a further 5% drop or even 10% drop in indices may come. Its best not to predict what's going to happen. For me I will watch which direction or pattern its looking like following, and then take actions accordingly.
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So what will happen tonight? Us Futures in slight green. Asin markets mixed but more red including ASX. Some manufacturing data tonight though not critical. More earnings including our favourite Macca. Bitcoin is not relenting - above 34k and still looking strong. Is that an indicator that we may also bottom out here. Lets hope so. All the best..