Congrats to all holders today! The market can't ignore strong fundamentals forever. Identifying the grossly undervalued position of AGY goes to show the fantastic investing opportunities we've had to get in low.
Here's a cheeky peak at the Jezza chart.
Chart with Bollinger bands:
The last time we shot so hard and fast out of the upper band it was followed with either a massive rerate to the 21.5c January high, or followed by at least 2 more successive candles of positive price movement.
The massive spike today also put us back inside the positive trending channel that started in June. Hitting the upper bracket of this would put us around 25c, or alternatively -- we could go beyond similar to the January rerate.
Regardless, lets not get ahead of ourselves -- but very grateful and happy with today's action.
Cheers.
