AGY 5.00% 4.2¢ argosy minerals limited

2018 Charting, page-1765

  1. 864 Posts.
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    I just had a look at the weekly chart and see that the MACD is still reluctant to cross.

    Also noticed something else that wont be in any text book.......

    Have a look at what happens to the share price each time the 100 week moving average line crosses the bottom bollinger band!

    The times it happens is
    April 17
    July 17
    September 17
    December 17
    NOW!

    Now have a look at what happens within 4 weeks of this cross over!

    April 17- 4c to 9c in 3-4 weeks
    July 17- 7.4c to 17c by Mid August 17
    Sept 17- 13c to major rerate of 35.5c by Oct 17

    All our rerates on the weekly in the last 18 months have had this same anomoly on the chart. Again, unlikely to be in a text book on how charting works, but boy does it show me that history repeats itself.

    Also, well done @Onspeed. Hope your new home is a place of much happiness.

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