2021 Charts, page-24

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Kaeho

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14/01/21

17:51

Post #: 50175112
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Originally posted by seagull: ↑

Day 3 Wed
It’s too early to call the weekly bar yet but at this stage it looks negative closing near the low & is yet to test the old resistance at 0.105.
The weekly bar looks similar to the 2^nd bar after the spike last week.
Stoch 5 is narrowing just under the oversold line
Stoch 14 & narrowing just above the line
Vol is very low relative to the last bar.
MACD & Histogram are still rising
If the bar was finished its build, I would have to say that the next bar will also be down & it will be another week or 2 before the resistance at 0.135 is tested again. But anything could happen up until Fri close.

Daily
Shorter’s remain active & the volume on the last 2 bars vol. is net selling (-4,886,956).
The 24,595,146 Vol traded so far this week is about a 1/4 of last weeks.
Wed. bar looks negative ATM but the selling is controlled & 0.115 looks solid support for now.
I still expect 0.105 to be retested but it is clearly being held in the 0.105 – 0.135 range for the moment & for a reason.
The VWAP for the last 8 days is 11.677.
It wont surprise me now to see a shakeout on the next 2 bars, so is now a good time to announce a capital raise at 0.10?
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why would they do a cap raise when they stated they have enough cash for a number of quarters? Unless theres a bit of collusion like GXY and their insto masters. I think management should at the very least wait till the sp returns to 20c for not closing that deal they been promising. Otherwise thats a huge middle finger to the loyal shareholders.

AGY Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
19 Upvote

1 Great analysis

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