2022 Charts, page-1971

Too both of you I do lots of charting and at the end of the day, I'll add my two cents on charting in general and for AGY. Whilst a chart shows price and volume. When you get to the essence of it what is the price and volume symbolic of? Behaviour and emotion. When you combine that with fundamental events you can get a really good picture of a stock.
Therefore for I only really use price and volume. Sometimes I will use trend lines but prefer simple support and resistance.



Anyways my opinion on the current price chart.

Firstly on the weekly,


The key resistance level is the 47.5 cent level. More importantly was the influx of buying volume, which was due to the addition to the index. Its even clearer on the daily chart. That influx is a sign of big institutions and funds jumping in. Basically new money flushing out old sellers. If the price can cross over 50 and then 55, it will really be able to fly as there will be very little supply. Also as more volume comes in FOMO will become mroe of a factor espescially as we get closer to production and hopefully find an offtake.