The daily movements are short term noise.
Ignore the short term stuff it will do your head in.
It is traders & the smart money doing their thing.
Part of what they do is post crap on the social media sites to generate uncertainty.
You all know who those posters are some of you are deliberately involved and are posting your rubbish Some are inadvertently involved because you reply to the trolls.
A response to their posts is not required.
Every response they get highlights the message they are trying to get out.
The weekly shows a normal retracement after an extra ordinary re-rating in response to a company making announcement.
History shows AGY retraces 61% of all its moves most of the time and 50% the next most times.
Everyone that has looked at an AGY chart over the last two years should now be aware of how we move and respond to the rellies & retracements.
There is the potential just now to retrace to the 61% line around 23 - 23.5 but that is not a certainty.
We are currently sitting on a rising weekly support & may or may not drop to the 23 area.(the 61% area)
Weekly volume has dropped away.
The volume traded on the day of the break was in excess of 120 million shares.
The volume traded since the retracement started is aprox. 46 million a paltry 38% of the overall volume, hardly a sell off.
If you are a short term trader / investor & have miss timed the entry then that's bad luck but not the end of the world, just be patient & wait it out.
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Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $59.69M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.0¢ | $257.1K | 6.183M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 1835821 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 143113 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1835821 | 0.040 |
12 | 2890990 | 0.039 |
13 | 658228 | 0.038 |
8 | 429040 | 0.037 |
6 | 755115 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 143113 | 4 |
0.042 | 20822 | 1 |
0.043 | 704390 | 2 |
0.044 | 641253 | 4 |
0.045 | 443242 | 6 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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AGY (ASX) Chart |