CommSec's current view on AGY's long term chart.
AGY shares appear to be in a long-term bearish trend confirmed by multiple indicators.
Long-term, the 200-day moving average is falling and shows that demand for this stock is low.
Nearer-term, the 5-day moving average is beneath both the 20 and 50-day moving averages.
This is a signal that investors see little opportunity in owning this stock at this time.
You don't have to be Stevie Wonder to see that signal.
No need to also include a copy of the chart with this post. We all know what it look like.
The sellers appear to have an endless supply. Can't wait until they run out of stock and the buyers re-surface again.
