AGY 1.22% 8.3¢ argosy minerals limited

2021 Charts, page-3067

  1. 774 Posts.
    lightbulb Created with Sketch. 1770
    CXO's run has hit the .38 fib retrace twice on its way up

    upload_2021-10-22_9-11-19.png

    upload_2021-10-22_9-11-50.png

    Infinity (another lithium play with a surge at the same time) has now retraced past .5

    upload_2021-10-22_10-18-33.png

    AGY was a more stready increase so we could just see a .38 retrace to to 23.5c, who knows maybe further? The short term resistance and support puts us at a range of 24c - 25.5c for today's close.

    i'll jump in at an extremely conservative 24.5c, now is not the time to be playing with fire. Christmas rallies really are a thing, especially in the lithium space where EV demand is almost seasonal in a way. Demand peaks in January / February. Battery makers buy big on lithium in October-December to get their inventories ready.
    Last edited by Jezzaaa: 22/10/21
 
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