Daily.
Positives.
Stoch 5 has crossed above the sig line
Stoch 14 is quite wide.
MACD is wide from its sig line.
Bounced off the 61% line.
The base of the gap (23.5) appears to be support. Resistance ( S/T) is 25.
The vol is low as the sp is pushed down
Negatives.
Stoch 14 trending down & below 50.
Stoch 5 is below the oversold line.
MACD is below its sig line & pointed down
Histogram is below zero.
Weekly.
Positives:
Support zone in the area of the converging trend held. (23 – 24)
Bounce off the 61% line.
Stoch 5 has crossed into the bullish zone at 50 & its avg is trending strongly to meet it.
Histogram is rising to zero.
MACD is at its sig line and has been rising for three weeks.
Volume is low and falling & less than half that traded on the BG news.
Negatives:
The Stoch 5 is moving back toward its avg.
The close is at the low end of the weeks range.
Weekly support is 23 – 23.5.
Resistance is 25.5 – 27 area.
Monthly.
Positives:
Monthly breakout is still live with one week to go.
Stoch 5 has crossed the sig line and appears to be rallying off the oversold line.
The long term trend is up.
Volume is up significantly higher
Negatives.
The MACD is below its sig line.
The histogram is below zero.
At this time the close is below the centre of the monthly range.
Monthly support has risen now to 19.5 – 20
Resistance is 30 - 32
Outlook.
While there is no denying the minor negative aspects of the charts there is also no denying that the push down of the sp is solely the result of the smart money using their clout to manipulate the sp and is not a reflection of any negative fundamentals.
The brilliant fundaments are exactly the reason that AGY is being pushed down and is therefore a bullish sign imo.
Friday’s low spread low vol. up bar after rising of the 61% line may be indicating supply has dried up.
The positive signs by the daily indicators also seem to be hinting at a change in sentiment about to happen.
There may be some buying as a result of JZ’s presentation on Sat.
However, without news the accumulation phase will continue & 23 may be retested again. We just have to suck it up until the expected updates arrive.
I do not believe that the gap will fill.
If there is an update early in the week then I would expect to see a similar spike as we had when the BG ann. came out.
One of the expected announcements re O/T or PEA could see the sp testing 45 – 48 in very quick time.
Hold your shares & let the company & the market do their thing.
Exciting times ahead.
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.95M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.5¢ | $148.5K | 4.241M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 277877 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 477816 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 277877 | 0.035 |
20 | 2415124 | 0.034 |
13 | 1395935 | 0.033 |
6 | 823000 | 0.032 |
3 | 504333 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 477816 | 6 |
0.037 | 1772505 | 13 |
0.038 | 1243900 | 6 |
0.039 | 1569010 | 9 |
0.040 | 1220475 | 6 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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