AGY 5.56% 3.8¢ argosy minerals limited

2019 Charts, page-168

  1. 4,517 Posts.
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    Volume has not been anything unusual lately & just the normal market noise.
    Tue vol and close was the set up for a shakeout.
    Wed vol & close was the failed shakeout attempt.
    Thu vol and bar was some profit taking & some blocking.

    At this stage the 12.5 - 15.5 range has not broken down.

    Volume on its own tells us nothing.
    Studying the bar/candle (O, H, L, C) and particularly the close in relation to the range, volume, support, resistance etc gives more clues. Resistance is now 14, support still 12.5 - 13.
    Its the whole package that needs to be analysed.

    Yesterdays
    bar/candle implies the possible retest of support again.
 
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