AGY

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3.8¢ argosy minerals limited

Have a crack if you want, is your $ after all.. I find buying in...

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Bbb123

89 Posts.

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18/10/21

20:19

Post #: 56889018
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Originally posted by Jezzaaa: ↑
A lot of people will be tempted to sell out on this sudden surge in AGY, as arguably the indicators are extended well past the overbought territory. This has its inherent risks and can catch yourself with your pants down if you don't know what you're doing.

As chartists know however, once a sudden surge is there and a real rerate is underway the underbought / overbought stats aren't as relevant, but moreso fib extension and retracements levels and bollinger bands. Waves can push through overbought territories for quite some time (sometimes)

If i had sold some shares every time AGY went outside its upper bollinger band bracket in conjunction with hitting resistance lines, and overbought Stoch levels and bought back in after a retrace i'd be a multi millionare by now. But i haven't.

Going to have a crack at selling 10% of holdings at milestones:
-23.5c (done)
-26c
-28c
-30c

for the duration of the 1 single wave, and stop at a retrace.

AGY in its entire history has never made gains during a wave and not retraced at least 50% of that value in the near future.

assuming the 50% retrace, this strategy im going to attempt will bare the following results upon buy-in back at the 50% retrace:

Column 1 Column 2 Column 3 Column 4
1 Target 50% Retrace Breakeven Profit in Shares
2 25 21.5 23.5 12,000
3 26 22 24.75 32,500
4 27 22.5 24.75 26,000
5 28 23 25.75 46,500
6 29 23.5 25.75 37,000
7 30 24 26.75 59,500
Just a little experiment, we'll see what happens! Have room to extend the strategy up until 40c target within 1 wave. Past there the strategy will be looking grim.

This is a risk and a gamble, but with the calculated strategy the odds are extremely in my favour. Some of you despise "in and outers" but hey im going to have a crack, i've done my research and can't blame me for having a go. Cheers.

here's the chart, notice my first two selling points are R1 and R2.
Note: the fib chart is only up until today's price, it could go further.

View attachment 3707222

w/ Bollinger Bands

View attachment 3707225
Expand
Have a crack if you want, is your $ after all.. I find buying in and out is a big risk for a few k so I keep my original holding and buy a few hundred thousand shares and trade with those.
makes me a few grand at a time and keeps my larger holding until I reach my selling price.

I have a large holding, a great average and toO much risk to have gone through all the bad times and hard work.
good luck though

AGY Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
16 Upvote

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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $55.32M

Open	High	Low	Value	Volume
3.9¢	4.0¢	3.8¢	$131.9K	3.384M

Buyers (Bids)

No.	Vol.	Price($)
4	872154	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	990329	8

View Market Depth

No.	Vol.	Price($)
4	872154	0.038
6	1030581	0.037
25	2570708	0.036
26	2613178	0.035
6	1226910	0.034

Price($)	Vol.	No.
0.040	990329	8
0.041	670500	6
0.042	998817	10
0.043	1577500	3
0.044	1316726	8

Last trade - 16.10pm 04/10/2024 (20 minute delay)

AGY (ASX) Chart

Have a crack if you want, is your $ after all.. I find buying in...

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BCI reaches close of funding facility for salt-first part of Mardie project

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Featured News

Buyers (Bids)

Sellers (Offers)

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	Column 1	Column 2	Column 3	Column 4
1	Target	50% Retrace	Breakeven	Profit in Shares
2	25	21.5	23.5	12,000
3	26	22	24.75	32,500
4	27	22.5	24.75	26,000
5	28	23	25.75	46,500
6	29	23.5	25.75	37,000
7	30	24	26.75	59,500

Have a crack if you want, is your $ after all.. I find buying in...

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

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