I got a trend change signal on AGY in early June when the SP...

I got a trend change signal on AGY in early June when the SP broke above the 50 SMA and the red (short term) EMAs broke above the blue (longer term) EMAs. A trend change to up confirmation came late last week with the SP bouncing up off the 50 SMA. The 200 SMA and 50 SMA are now both rising and the shorter term red EMAs have bounced off the longer term blue EMAs. This all suggests that a new uptrend has commenced. But the SP needs to close above the 12c level to confirm this trend change.



My VSA (Volume Spread Analysis) chart is suggesting that there was a lot of accumulation occurring over the April to June period, commencing after the "Stopping Volume" signal from back on 01/04 which set the low of the prior down trend. However, in each attempt that SP has made to break higher above the 9.5c to 10c region, significant selling pressure has come into play, see the "Buying Climax" and "No Demand" signals on the chart. What is interesting is that the Buying Climax signals effectively failed in that the SP wasn't driven down significantly after they occurred. So here's hoping that the selling pressure is lessening and whoever is trying to keep the SP below the 12c level gives up.



Good luck everyone - All IMO. Watch for a move on good volume above 12c.