Reducing volume cycle interesting too Fid.
As we have seen with the last few annmnts we have had a spike then a slow move back down to support with an interesting pattern of lower highs and higher lows with the higher lows albeit not as greater % as the highs.
Flags within a giant flag ?
Haven’t seen this very often with any chart and imo supports my notion that the market (as long as fundamentals don’t change) sees fair bottom value at around 20/21c or around 200M market capitalisation.
Havnt looked at a Bollinger analysis in a while but they must surely be slowly tightening as volume slowly decreases.
Interestingly on screen buy to sell ratio is now 2:1 and if the above volume continues to reduce it clearly shows supply is tightening.
I think what some people forget is the lack of structural support AGY has had up until this time due to multiple over hangs from its meteoric rise from low single cents to it current level. In essence it’s ten bagged and u will always have many many buyers that r happy to take profits as well as the inevitable high risk funds and traders playing with AGY.
But this MUST technically all slowly come to an end as fundamental accumulators soak up that volume into tighter hands.
As long as JZ continues to join the fundamental dots there’s no reason to think those bollingers won’t finally break the way we want them too and with the gradual higher lows and steady background accumulation this could just be quite a big move next time. I think u guys were alluding (or stating) the next move has the potential to be a big one. Not sure what ur thoughts r on this now. I gather my somewhat amateurish above analysis has something to do with it as these indicators r now gradually showing a more MAJOR structural support around 20c.
Hope JZs impressing the US punters over there so that we might see some significant volume hit soon annmnt or no annmnt.
d.
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2018 Charting, page-2218
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Last
3.6¢ |
Change
0.001(2.86%) |
Mkt cap ! $52.41M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.5¢ | $92.71K | 2.583M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 305547 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 1391477 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 305547 | 0.036 |
10 | 634249 | 0.035 |
20 | 2372844 | 0.034 |
12 | 1365636 | 0.033 |
2 | 620000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 1391477 | 7 |
0.038 | 1743900 | 7 |
0.039 | 1295481 | 7 |
0.040 | 720375 | 3 |
0.041 | 438201 | 5 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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AGY (ASX) Chart |