2021 Charts, page-2732

Daily 18 Sep
Positives
The trend is still rising & the base of the channel is currently being respected.
Stoch 5 is above the sig line & has moved back into the bullish zone above 50.
Stoch 14 is above its sig line after crossing positive on the last bar
MACD is returning to its sig line
Histogram is rising back toward zero.
Fri vol  above the 5 day avg.

Negatives
Currently in a resistance area of converging trends
Stoch 5 has spiked sharply & is wide from the sig line
Stoch 14 is relatively wide as it crosses the 50 line, prior to entering the bullish zone
MACD is below its sig line & the histogram is below zero.

Outlook
Over-all the chart is bullish & my daily models have multiple upside alerts so I expect to see the sp follow the trend up & retest 0.19.
However, the indicators have a couple of mild negatives imo & we will need a significant change of sentiment to break through resistance.
Fri bar is at the stage where it will test the rising trend & resistance.
The sp will either rise along the rising channel line, move through & continue sideways or follow the down trending line.

The fundamentals are increasing weekly & the sp is lagging badly in its response so one can assume that the pros are keeping a tight rein on things until the time is right.
That may come in the form of an announcement of some kind or it may just be that the pros will decide its time.

Whatever the catalyst will be AGY is a screaming buy at this point in time.

So for the coming week the daily has support along the rising trend channel then down at 0.16 & resistance at the current levels around 0.175 – 0.19.
A break of resistance will see the sp around 0.215 in short order imo.

Weekly
Positives
Stochastics are in the bullish zone, are rising & above their sig lines.
Closed at the high
Closed near the top of the projected range & target
MACD is above the sig line & rising
Histogram is above zero

Negatives
Vol was slightly lower than the last bar
The histogram is lower than the last bar

Weekly outlook is bullish but is at or near resistance.
My weekly models show multiple upside sigs so I would expect to see the upper resistance at 0.185 – 0.19 reached on the next bar.

There are some negative aspects apparent though which could be hinting at a longer period of consolidation while those are resolved.
For instance, since the week ending the 6 Aug. when we saw the sp close above 0.13, every week since then has been net selling, with last week’s being amongst the highest at -8,672,375. Until those sellers are absorbed I can’t see the sp moving much higher than the current resistance at 0.19.

There are plenty of exciting updates expected over the next few weeks / months that may provide a catalyst for the next leg up but at this stage the charts show a steady accumulation / absorption process is underway that follow the usual patterns & will take whatever time it takes.
That will only strengthen the next part of the rerate when that comes & that could start at any time.

Weekly support is currently at 0.175 then down at .016 – 0.165, resistance is 0.19 with an outbreak target up at 0.215